3 bedroom semi-detached for sale

£425,000 Guide Price

3

Bedrooms

1

Bathrooms

Floorplan

Welcome to your dream family home in the heart of South Ockendon! Situated on Fairham Avenue, this spacious three-bedroom, semi-detached house is perfect for those seeking a comfortable and modern living space. The property boasts a brick-constructed exterior, giving it an enduring charm that will last for generations to come.

As you step inside, youll be greeted by the warm and inviting atmosphere offered by this beautiful home. The two reception rooms provide ample space for entertaining friends or spending cozy evenings with your loved ones. The modern kitchen is not only aesthetically pleasing but also offers ample storage to keep your culinary essentials organized and easily accessible.

This house also features a downstairs W.C., a convenient addition that is sure to simplify your daily routine. The lean-to storage at the side of the property and a rear garden give you plenty of space to store your belongings or create your own beautiful outdoor oasis.

One of the standout features of this property is the off-street parking, which can easily accommodate three cars. No more searching for parking spaces or worrying about permits. Youll have the convenience and peace of mind of having your own dedicated parking area.

Indulge in the breathtaking views offered by the amazing location. With local green spaces just moments away from your doorstep, you can step out for a leisurely stroll or enjoy your morning coffee as you take in the tranquil surroundings. Perfect for families with children or those who appreciate the beauty of nature without having to venture far from home.

To ensure your comfort, the Energy Performance Certificate (EPC) rating for this property is a respectable D, meaning you can enjoy a well-insulated home that is both energy-efficient and cost-effective.

With a council tax band of C, you can feel reassured that youll have an affordable rate, allowing you to make the most of your hard-earned money.

Located in South Ockendon, this property offers easy access to local amenities, including shops, schools, and transport links. The convenience and sense of community make this area highly sought after.

Dont let this opportunity slip away! Embrace the chance to make this stunning house your forever home, filled with lifelong memories. Contact us today to book a viewing and take the first steps toward owning your dream property on Fairham Avenue.



Features
  • Freehold

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

£ 353325

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 10625
  • 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

£ 34575
  • 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

Adjust these figures

  %

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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