Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£450,000 Guide Price
Bedrooms
Bathrooms
Welcome to Mollands Lane, a highly sought-after area in the wonderful South Ockendon, Essex. This brick-built semi-detached house offers generous living spaces and remarkable potential for extensions, presenting a fantastic opportunity to create the perfect family home.
Situated on a sizable plot, the property features three comfortable bedrooms, providing plenty of space for the whole family. The house also includes a well-appointed bathroom and separate W.C. to meet all your needs. The kitchen boasts ample storage, ensuring plenty of room for all your essentials, and there is also a utility room, adding extra convenience.
One of the standout features of this home is the potential for side and rear extensions, subject to obtaining the necessary planning permissions. This allows you to expand and create additional living areas, further bedrooms, or even a dedicated workspace to suit your lifestyle.
Outside, the spacious garden offers a great setting for family gatherings or relaxing in the sun. Purpose-built storage provides a convenient space for your gardening tools and outdoor equipment, ensuring everything stays organized. The extended driveway also offers ample parking for multiple vehicles, making it ideal for a modern family.
Located in a charming neighborhood, this property is close to local amenities, schools, and transport links, making everyday errands and the school run convenient. The location also provides easy access to nearby towns with plenty of shopping, dining, and recreational options to explore.
With Council Tax Band C and an EPC Rating of E, this property offers great potential. Whether youre looking to expand, enjoy a spacious garden, or benefit from ample parking, this house is a fantastic opportunity to create your dream family home.
Dont miss out on this chance to own a three-bedroom home in South Ockendons desirable Mollands Lane. Contact us today to arrange a viewing and secure your future in this thriving community.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £1,946.10
Total Interest: £250,596.32
Overall Total: £700,596.32
Amortization For Monthly Payment: £1,946.10 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £14,267.51 | £9,085.70 | £440,914.30 |
| 2026 | £13,972.47 | £9,380.74 | £431,533.56 |
| 2027 | £13,667.84 | £9,685.37 | £421,848.19 |
| 2028 | £13,353.32 | £9,999.89 | £411,848.30 |
| 2029 | £13,028.59 | £10,324.62 | £401,523.68 |
| 2030 | £12,693.31 | £10,659.90 | £390,863.79 |
| 2031 | £12,347.15 | £11,006.06 | £379,857.73 |
| 2032 | £11,989.74 | £11,363.47 | £368,494.26 |
| 2033 | £11,620.73 | £11,732.48 | £356,761.78 |
| 2034 | £11,239.74 | £12,113.47 | £344,648.31 |
| 2035 | £10,846.37 | £12,506.84 | £332,141.47 |
| 2036 | £10,440.23 | £12,912.98 | £319,228.49 |
| 2037 | £10,020.90 | £13,332.31 | £305,896.18 |
| 2038 | £9,587.95 | £13,765.26 | £292,130.92 |
| 2039 | £9,140.95 | £14,212.27 | £277,918.65 |
| 2040 | £8,679.42 | £14,673.79 | £263,244.86 |
| 2041 | £8,202.91 | £15,150.30 | £248,094.57 |
| 2042 | £7,710.93 | £15,642.28 | £232,452.29 |
| 2043 | £7,202.97 | £16,150.24 | £216,302.05 |
| 2044 | £6,678.51 | £16,674.70 | £199,627.35 |
| 2045 | £6,137.03 | £17,216.18 | £182,411.17 |
| 2046 | £5,577.96 | £17,775.25 | £164,635.91 |
| 2047 | £5,000.73 | £18,352.48 | £146,283.44 |
| 2048 | £4,404.76 | £18,948.45 | £127,334.99 |
| 2049 | £3,789.44 | £19,563.77 | £107,771.22 |
| 2050 | £3,154.14 | £20,199.08 | £87,572.14 |
| 2051 | £2,498.20 | £20,855.01 | £66,717.13 |
| 2052 | £1,820.96 | £21,532.25 | £45,184.88 |
| 2053 | £1,121.74 | £22,231.47 | £22,953.41 |
| 2054 | £399.80 | £22,953.41 | £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.
The Property has been saved to your favorites
0 / 5
Sat May 31 2025
All confirmed! We look forward to speaking with you.
Sat May 31 2025
It's quick and easy
