4 bedroom terraced for sale

£850,000 Offers in excess of

4

Bedrooms

2

Bathrooms

Floorplan

Welcome to your dream home on Forest Drive East, Leytonstone! This stunning terraced period house encapsulates the perfect blend of style, luxury, and convenience. Boasting four bedrooms, two bathrooms, two receptions, and a garage with off-street parking, this property is sure to impress even the most discerning buyer.

As you enter the house, youll be greeted by a welcoming hallway that sets the tone for the elegance and sophistication found throughout. The spacious living room is the heart of this home, offering a cozy and inviting space to relax and entertain guests. The second reception room can be used as a formal dining area and is open to the kitchen!

The fully fitted kitchen is a culinary enthusiasts delight, equipped with modern appliances and ample storage space. Adjacent to the kitchen, a convenient utility room is perfect for laundry and additional storage needs. Picture yourself preparing delicious meals while enjoying the view of the well-maintained rear garden, providing a peaceful retreat from the bustling city.

Upstairs, youll find four well-proportioned bedrooms. Each room is filled with natural light, creating a warm and inviting atmosphere. The main bedroom offers a serene haven to unwind at the end of the day. The two bathrooms ensure convenience for the whole family, with modern fixtures and fittings adding a touch of luxury.

But the features of this property extend beyond its current layout. The loft conversion offers versatile space that is currently used as an additional bedroom, but could be utilized as a home office, or a playroom. Also, the property has the potential to be extended on the ground floor, subject to relevant planning permissions, further enhancing the living space to suit your specific requirements.

The location of this house is simply unbeatable. Situated on a tree-lined, sought-after road, tranquility and privacy are guaranteed. Forest Drive East offers easy access to a range of amenities, including shops, schools, and parks, ensuring that everything you need is within reach. The nearby transport links provide excellent connectivity to central London, making your daily commute a breeze.

Finally, lets not forget about the energy efficiency of this property. With an EPC rating of D and the potential to improve it to a B, you can rest assured that your new home is both eco-friendly and cost-effective.

Dont miss this rare opportunity to own a truly remarkable property in Forest Drive East, London. Schedule a viewing today and discover your dream home in this sought-after location. Contact our friendly sales team now.

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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

£ 703950

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

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
    £ 21250
  • 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

£ 66450
  • 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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