3 bedroom semi-detached for sale

£575,000 Offers over

3

Bedrooms

1

Bathrooms

Floorplan

Offered chain free and ready for a new chapter, this Hollis style house on Rise Park Boulevard has been in the same family for many years and its easy to see why. Not only is it one of the largest styles of home in the area, but its also perfectly positioned just moments from the park and within reach of great local schools, making it ideal for families looking to settle in the neighbourhood.
Inside, the house has a welcoming feel and a layout that flows really well. At the front of the home, the living area easily fits a couple of large sofas, with the dining area at the back comfortably housing a full sized table and chairs. Off the dining area is the conservatory which overlooks the garden and is currently set up as a peaceful reading room. If you wanted, it could double up as a second sitting room or even a playroom. The kitchen is spacious with plenty of storage and worktop space, plus room for all the usual appliances. Theres space for a table and chairs which offers a more informal dining option.
Theres also a ground floor WC found under the stairs which is always useful if you have small children or when entertaining friends and family.
Upstairs, you immediately notice the difference in size that comes with this style of property. There are two large double bedrooms with fitted wardrobes and the third bedroom is bigger than youd expect. This room easily works as a spacious childs room or even a small double. The bathroom is also larger than average and includes both a bath and a separate shower.
Outside, the rear garden is beautifully kept with a patio and a small pond adding charm. The space out here offers real potential too and its the sort of garden that could comfortably accommodate a single storey rear extension. Many homes in the area have replaced the conservatory with a modern kitchen/diner complete with island, breakfast bar and bi-fold doors. Theres scope here for the same, and even enough room to add a ground floor WC and utility room.
Another great feature is the attached garage. Its already useful for storage or secure parking, but it also gives you the option for a double-storey side extension. This is something other homes nearby have done to add more reception rooms and extra bedrooms with en-suites.
Youre also in the catchment for Rise Park Primary School and Marshalls Park Academy, and with the park just seconds away, youve got a fantastic green space right on your doorstep ideal for kids, dog walks, or a Sunday stroll.
This is a house thats been incredibly loved over the decades, and now its time for a new family to move in and make it their own. Whether youre looking for a home to grow into, or a project with future potential, this one has everything you need to settle in now and create something really special over time.
Living Room: 14 x 115Dining Room: 133 x 115Conservatory: 106 x 10Kitchen: 1010 x 102Ground Floor WCBedroom 1: 1311 x 113Bedroom 2: 116 x 115Bedroom 3: 1011 x 85Bathroom/WCRear Garden: 80 approxGarage: 167 x 78Off Street Parking
Near to:Rise Park - 0.1 milesRise Park Junior School - 0.5 miles - Parklands Primary School - 1 mile - Romford Rail Station - Elizabeth Line - 2.1 milesHainault Underground Station - Central Line - 5.2 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

£ 477075

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
    £ 14375
  • 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

£ 45825
  • 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
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  • 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.

£

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
    £

    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.

Notes

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