4 bedroom semi-detached for sale

£500,000 Offers over

4

Bedrooms

1

Bathrooms

Floorplan

Have you been looking for a family home with more space to grow into, walking distance from an Outstanding school and Havering Country Park? This extended house has room to adapt, a 70ft garden and real potential to create your long-term dream home.
The house itself already offers more than many in the area thanks to a double storey side extension and a single storey rear extension. Inside, theres a generous through lounge, a separate dining room overlooking the garden, and a fitted kitchen with the scope to knock through and create an open-plan kitchen/diner with an island and bifold doors. This would be a real lifestyle upgrade for the right buyer. Theres also a handy downstairs WC.
Upstairs, the extended footprint provides three bedrooms plus a walk through dressing room or store that leads into the fourth bedroom. For most buyers, the house will be used as a three bedroom with an additional room but theres definitely flexibility depending on how you would choose to use the layout. The bathroom is incredibly large and features both a bath and walk-in shower, and could easily be split into a separate en-suite and main family bathroom if desired.
Outside, the rear garden stretches to around 70ft and offers plenty of space for keen gardeners to work their magic. For those considering adding a summerhouse, garden room or home office, theres plenty of space. Theres also an attached garage and off-street parking on the front drive. The garage could stay as storage or be converted into a playroom, office or even a downstairs bedroom, subject to the usual planning permissions.
This is a house with real potential. The heavy lifting has already been done in terms of square footage, so now its over to a new owner to modernise, put their stamp on it and create a brilliant long term family home in a great location.
Living Room: 219 x 167Dining Room: 10 x 89Kitchen: 1410 x 99Ground Floor WCBedroom 1: 1111 x 1111Bedroom 2: 111 x 911Bedroom 3: 119 x 610Bedroom 4: 710 x 77Bathroom/WCRear Garden 70 approxGarage: 188 x 611Off Street Parking
Near to:Havering Country Park - 0.5 milesClockhouse Primary School - 0.1 miles - (Outstanding)Oasis Pinewood Academy - 0.7 miles - Romford Rail Station - Elizabeth Line - 2.8 milesHainault Underground Station - Central Line - 3.9 miles

Mortgage Calculator

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 )

Return on Investment

£
£
£
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Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 415200

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 12500
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

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£

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.

Annual Costs

£ 40200
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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This is the percentage of the rent that you will spend maintaining the property.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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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.

Total Profit

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  • Final Equity Profit
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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