3 bedroom detached for sale

£900,000 Offers over

3

Bedrooms

1

Bathrooms

Floorplan

Charming Detached Home in Oaklands Avenue
Nestled in one of Romfords most sought after roads, this charming detached home presents a rare opportunity for families looking to create their dream home. Brimming with character and period features, the property is perfect for those who appreciate traditional elegance while also seeking the potential to modernise and extend.
With a generous 150 foot garden plot, the home offers ample space for a large extension or loft conversion (STPP), making it an ideal choice for growing families. Many neighbouring properties have already been transformed into spacious four or five-bedroom homes, highlighting the scope for expansion.
Spacious Living with Period Charm
Upon entering, you are greeted by a welcoming hallway leading to the full length living room providing a bright and airy space for relaxing. A separate dining room offers the perfect setting for formal meals, while the kitchen, overlooking the beautifully maintained rear garden, adds to the homes warm and inviting feel.
Upstairs, the three spacious bedrooms are accompanied by a large family bathroom. The landing is enhanced by a stunning stained glass window, a striking period feature that adds to the homes charm and character.
A Garden Made for Entertaining & Family Life
The impressive back garden is a true highlight, starting with a patio area ideal for outdoor dining and summer BBQs, leading to a pristine lawn, perfect for children to play or for hosting gatherings. With space for a large garden room/outbuilding, this garden offers exciting possibilities whether its a home office, gym, or games room.
Prime Location with Excellent Connectivity
Located just 0.4 miles from Raphaels Park and 0.8 miles from Romford station, the home offers easy access to the Elizabeth Line, providing swift links into Central London. Local amenities, excellent schools, and lush green spaces are all within reach, making this an unbeatable location for family life.
Your Forever Home Awaits
This is a rare opportunity to secure a home that not only offers instant charm, but also the potential to grow as your family grows. With a fantastic location and exciting scope for transformation, this home is truly a must see for those looking to make their mark in Romfords premier residential area.
Living Room: 235 x 1111Dining Room:1311 x 12Kitchen: 152 x 92Bedroom 1: 184 x 118Bedroom 2: 1311 x 122Bedroom 3: 12 x 11BathroomRear Garden 150 approx
Near to:St Edwards Primary School - 0.3 miles - St Peters Primary School - 0.5 miles - Marshalls Park Academy - 0.5 milesRaphael Park - 0.4 milesRomford Rail Station - Elizabeth Line - 0.8 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

£ 745200

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
    £ 22500
  • 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

Adjust these figures

£

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

£ 70200
  • 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.

£

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
    £

    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

£

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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