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19 Eastgate, Harlow
£140,000
Bedrooms
Bathrooms
'' KINGS GROUP HARLOW ARE DELIGHTED TO OFFER THIS ONE BEDROOM FLAT FOR SALE IN SPRING HILLS, HARLOW, WITH TENANTS IN SITU ''
CALLING ALL INVESTORS
This fantastic investment opportunity is currently generating an 8% yield. The flat is ideally located close to all of the local amenities including Princess Alexandra Hospital at an 11 minute walk and Harlow Town Train Station less than 20 minutes walk away giving you direct access into London Liverpool Street, Cambridge and Stansted Airport. The property is also 10 minutes walk to Pemberly Primary Academy and 30 minutes walk or 6 minute drive to Burnt Mill Academy making it ideal for young families. As well as all of this you also have Harlow Town Centre less than 20 minute walk away with everything you need right on your doorstep!
The property comprises entrance hall, lounge/diner, kitchen, one double bedroom and a family bathroom with three piece suite. The property also benefits from ample street parking .
To avoid disappointment please call us now to arrange your viewing on .
Entrance Hallway - 0.91m.2.74m x 3.35m.1.22m (3.09 x 11.04) - UPVC double glazed window to the front aspect, laminated laid flooring. single radiator and power points.
Lounge - 3.96m.1.52m x 4.88m.0.30m (13.05 x 16.01) - UPVC double glazed window and patio door to the rear aspect leading to the balcony, double radiator, laminated laid flooring, telephone point and power points.
Fitted Kitchen - 2.13m.1.52m x 2.74m.0.00m (7.05 x 9.00 ) - UPVC double glazed window to the front aspect, single radiator, laminated laid flooring, tiled walls, base and wall units with a roll top work surfaces, electric oven & hob (untested) sink and drainer unit and power points.
Bedroom - 3.66m.1.22m x 2.74m.0.30m (12.04 x 9.01 ) - UPVC double glazed window to the rear aspect, double radiator,
Bathroom - 2.13m.1.52m x 1.83m.0.61m (7.05 x 6.02) - UPVC double glazed window to the front aspect, tiled flooring, panel enclosed bath with mixer taps, low level WC and tiled walls.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £605.45
Total Interest: £77,963.30
Overall Total: £217,963.30
Amortization For Monthly Payment: £605.45 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £4,438.78 | £2,826.66 | £137,173.34 |
| 2026 | £4,346.99 | £2,918.45 | £134,254.88 |
| 2027 | £4,252.22 | £3,013.23 | £131,241.66 |
| 2028 | £4,154.37 | £3,111.08 | £128,130.58 |
| 2029 | £4,053.34 | £3,212.10 | £124,918.48 |
| 2030 | £3,949.03 | £3,316.41 | £121,602.07 |
| 2031 | £3,841.34 | £3,424.11 | £118,177.96 |
| 2032 | £3,730.14 | £3,535.30 | £114,642.66 |
| 2033 | £3,615.34 | £3,650.10 | £110,992.55 |
| 2034 | £3,496.81 | £3,768.64 | £107,223.92 |
| 2035 | £3,374.43 | £3,891.02 | £103,332.90 |
| 2036 | £3,248.07 | £4,017.37 | £99,315.53 |
| 2037 | £3,117.61 | £4,147.83 | £95,167.70 |
| 2038 | £2,982.92 | £4,282.52 | £90,885.17 |
| 2039 | £2,843.85 | £4,421.59 | £86,463.58 |
| 2040 | £2,700.26 | £4,565.18 | £81,898.40 |
| 2041 | £2,552.02 | £4,713.43 | £77,184.98 |
| 2042 | £2,398.96 | £4,866.49 | £72,318.49 |
| 2043 | £2,240.92 | £5,024.52 | £67,293.97 |
| 2044 | £2,077.76 | £5,187.68 | £62,106.29 |
| 2045 | £1,909.30 | £5,356.15 | £56,750.14 |
| 2046 | £1,735.36 | £5,530.08 | £51,220.06 |
| 2047 | £1,555.78 | £5,709.66 | £45,510.40 |
| 2048 | £1,370.37 | £5,895.07 | £39,615.33 |
| 2049 | £1,178.94 | £6,086.51 | £33,528.82 |
| 2050 | £981.29 | £6,284.16 | £27,244.67 |
| 2051 | £777.22 | £6,488.23 | £20,756.44 |
| 2052 | £566.52 | £6,698.92 | £14,057.52 |
| 2053 | £348.98 | £6,916.46 | £7,141.06 |
| 2054 | £124.38 | £7,141.06 | £0.00 |
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.
19 Eastgate, Harlow
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Mon May 12 2025
All confirmed! We look forward to speaking with you.
Mon May 12 2025
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