3 bedroom terraced for sale

£1,200,000 OIRO

3

Bedrooms

Floorplan

Colebrook Drive, The Warren Estate, Wanstead

A stunning example of an original 1920s family home, Colebrook Drive offers a unique opportunity to purchase a beautifully curated and rejuvenated living space, retaining all the original features and layout. Situated on Wansteads most prestigious and sought-after Warren Estate, this magnificent home is just moments from Wanstead Golf Course, Cricket Club and the open green expanses of Wanstead Park.

On approach, youre greeted by charming original bay windows-set just behind a unique original front garden. Inside, the property has been extensively improved with original wood floorboards retained throughout and fully reworked rear elevation and kitchen. Full height Crittall style doors open out across the rear elevation to a modern patio space.

The front reception room boasts a bay window, the original fireplace with hearth and cornicing while natural light floods through the original windows. The rear reception room is equally well presented and includes another feature fireplace and a classic 1920s arch-quintessential of the period-which frames picturesque views and access to the 94 ft south-facing garden.

The kitchen is a superb-modern and expertly fitted-with a selection of stylish cupboards, marble worktops and splashbacks, creating a bespoke design to maximise space. From here, full height Crittall style double doors again lead you directly into the garden. The fittings and layout of this kitchen are exceptional.

Upstairs, the principal bedroom provides a large, light-filled space with original features. The second double bedroom also offers generous proportions and features an original fire place. An additional third bedroom and a family bathroom with an adjoining WC complete the upper floor.

Offered in excellent condition throughout, this home presents outstanding original features, a sensitive but modern rejuvenation of the property - including retention of the original layout. This is a truly a unique home on the Warren Estate.

Offered with no upward chain.

If your offer is accepted then you will be expected to undergo an AML check with our current provider, currently their cost is 45,
the cost will be paid by the buyer, and it is non-refundable regardless of whether the sale completes or not,
AML checks are mandatory according to HMRC

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

£ 993950

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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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
    £ 30000
  • 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

£ 93950
  • 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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