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£750,000 Offers over
Bedrooms
Bathrooms
Ideal Locations presents a Double fronted 4 bedroom property- This larger than average family house is ideally located offering easy access to High Road & Goodmayes Station
Internally the spacious property offers a large kitchen diner, living and dining room, additional reception room, modern downstairs bathroom, additional downstairs WC, utility space and cellar. The first floor consists of four double bedrooms, three with fitted wardrobes are complemented by a family bathroom.
Externally the property offers a large private drive, rear patio garden and separate outbuilding complete with shower room, currently used as a games room.
Great opportunity to purchase one of the last family homes on the road that has not yet been converted great potential to make a family home or for an investor to convert to flats STPP.
Tenure: Freehold
Council Tax Band: F
PorchEntrance HallReception One(7.92m X 3.99m)Reception Two(5.84m X 4.04m)Kitchen Dining Room(8.86m X 3.20m)Ground Floor Shower RoomGround Floor W.C/Utilty RoomBasement(7.19m X 1.75m)Main Bedroom(6.02m X 4.42m)Bedroom Two(4.37m X 3.96m)Bedroom Three(3.96m X 3.58m)Bedroom Four(3.58m X 2.41m)First BathroomOutbuilding(10.11m X 3.84m)Garden(10.11m)MUST VIEW PROPERTY
Map location is not available for this property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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