2 bedroom ground flat for sale

£600,000

2

Bedrooms

Floorplan

Wanstead Park Avenue, Aldersbrook Conservation Area Elegant Ground Floor Edwardian Conversion with Private Garden & Cellar

Introducing Wanstead Park Avenue a beautifully appointed, ground floor period conversion offering over 860 square feet of stylish and thoughtfully laid out living space, complete with a private 53ft west-facing garden, cellar, and share of freehold. Nestled within the sought-after Aldersbrook Conservation Area, this picturesque home blends Edwardian charm with modern comfort, just moments from the open green spaces of Wanstead Park and Wanstead Flats.

On approach, the imposing red brick faade immediately impresses a handsome Edwardian double-bayed frontage with elegant brick columns and architectural detail. A private side entrance, secured by an entrance gate, provides both privacy and convenience.

Inside, the home has a wonderfully warm and inviting feel, lovingly decorated and cared for by the current owners. The reception room, the heart of the home, spans over 170 square feet, with soaring 2.9m high ceilings, rich original oakwood flooring, and beautiful period details including cornicing, coving, and a feature fireplace with cast iron hearth and solid wood mantel. Bespoke wooden shelving and radiator covers further enhance the charm, while floor-to-ceiling patio doors open onto the generous private garden complete with a decked seating area, lawn, and shed.

The adjacent kitchen/diner is awash in natural light thanks to double doors opening onto the garden. Theres a wealth of worktop and cupboard space, room for a dining table, and space for all white goods. The combi boiler is neatly concealed.

Towards the front of the property, youll find two spacious double bedrooms, both offering built-in bespoke wardrobes and neutral finishes. The principal bedroom, at over 170 square feet, benefits from a modern en suite bathroom with shower over bath, and classic plantation shutters. The second double bedroom spans 130 square feet and enjoys its own en suite shower room. A separate WC is also located off the hallway for added convenience.

A cellar is accessed via the hallway, providing excellent storage space. The home is offered with a share of freehold, gas central heating, and is presented in excellent condition throughout.

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

£ 497700

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
    £ 15000
  • 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

£ 47700
  • 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.

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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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