4 bedroom semi-detached for sale

£550,000 Offers over

4

Bedrooms

2

Bathrooms

Floorplan

This imposing house on a substantial corner plot has huge potential for someone with vision. The property has already been extended to the side and now offers four bedrooms, two bathrooms and over 1,500 square feet of space. The plot itself is also a major attraction with scope to extend, reconfigure or even create an additional dwelling at the end of the garden, subject to planning.
Inside, the ground floor features a large through lounge and dining area that leads into a lean-to style conservatory. While the conservatory would likely be replaced by new owners, it provides inspiration for how this space could flow seamlessly to the garden. The kitchen sits towards the back of the home and there is also a spacious fourth bedroom and bathroom within the single storey side extension. With its own side door, this area has the potential to be redesigned as a self contained annexe, ideal for multigenerational living.
Upstairs youll find three bedrooms and a family bathroom with a separate WC. Two of the bedrooms are good size doubles while the third is a comfortable single that works well as a childs room or home office.
The outside space is where the potential really opens up. The rear garden is long and mature with fruit trees, a detached garage and rear access from Kenway. With a dropped kerb already in place, there is scope to split the plot and create a second home or bungalow at the bottom of the garden, subject to planning approval. The main house itself could also be transformed by adding a double storey extension above the side addition or a loft conversion, just as many homes in the area have done.
This property will suit a large family looking to design a home around their lifestyle or a developer wanting to maximise the site. The location is also a real plus with Parklands Primary School just 0.4 miles away and Clockhouse Primary School 0.7 miles away. Lawns Park is only 0.4 miles from the house offering a wide open green space for children and families to enjoy.
This home has potential to become something truly special. Whether you want to create a forever family home or explore development possibilities, this is a chance to shape the property to your own plans.
Living Room: 12 x 108Dining Room: 124 x 108Lean-to Conservatory: 187 x 67Bedroom 4 (Ground Floor): 135 x 11Bathroom (Ground Floor)Kitchen: 199 x 124 maxBedroom 1: 118 x 108Bedroom 2: 124 x 117Bedroom 3: 85 x 65Bathroom with Separate WCRear Garden 100 approxDetached Garage: 19 x 96Off Street Parking
Near to:Lawns Park - 0.4 milesClockhouse Primary School - 0.7 miles - Parklands Primary School - 0.4 miles - Romford Rail Station - Elizabeth Line - 1.6 milesHainault Underground Station - Central Line - 4.2 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

£
£
£
£

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

Mortgage Required

£ 456450

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
    £ 13750
  • 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

£ 43950
  • 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.

£

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

£
  • 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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