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£1,000,000
Bedrooms
Bathrooms
Set on a remarkable plot approaching 1.8 acres, this five-bedroom detached bungalow presents a rare opportunity to acquire a sizeable and versatile property on the semi-rural outskirts of Upminster.
Positioned along Clay Tye Road, the home enjoys easy access to local amenities, with Upminster town centre just 6 minutes by car, and Lakeside Shopping Centre within 15 minutes. Despite the short drive to town, the property backs onto farmland and feels very secluded thanks to the abundance of mature trees.
The bungalow itself requires modernisation but is generously sized, making it an excellent prospect for those looking to renovate, extend or redevelop (subject to planning consent). Inside youll find a 17 x 14 lounge, separate dining room, conservatory, kitchen, family bathroom, and five bedrooms providing a solid foundation for modernisation or reconfiguration.
But the grounds are the true star of the show. Stretching to around 1.8 acres, the plot unfolds from a generous 215 rear garden into enchanting private woodland, where mature trees and wild growth provide a private haven rarely found in such a connected location. At the centre stands a majestic willow tree, its canopy offering shade and atmosphere in equal measure. Tucked deeper into the woods lies a hidden pond with a footbridge, a storybook touch adding even more charm to this picturesque setting.
The front of the plot boasts a wide 182 frontage, providing excellent access, a large gravelled parking area and two double garages, making the home perfectly practical for car enthusiasts, craftsmen or other hobbies where such a space would be well utilised. Its the sheer sense of space that defines this property.
For developers looking to build or families seeking to build a legacy home, the plot offers outstanding potential. Subject to the necessary planning consents, the size, access, and configuration of the plot could lend itself to a replacement dwelling or even multiple units, depending on individual aspirations and local authority guidance.
To enquire or book a viewing, contact Lennard & Hill and we will be pleased to assist.
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 )
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.
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