4 bedroom semi-detached for sale

£1,450,000 OIRO

4

Bedrooms

Introducing this captivating 1920s semi-detached family residence, a true gem spanning an impressive 1,949 square feet. Nestled within the prestigious Warren Estate in Wanstead, this home boasts a range of enticing features including off-street parking, a garage, a sprawling 65-foot rear garden, and a charming front garden. Located just 0.4 miles from Wanstead Station and Wanstead High Street, with its vibrant array of shops, bars, and restaurants, this property offers both convenience and luxury living.

As you approach, the eye-catching red-brick bay window, characteristic of the 1920s era, peeks out from behind the beautifully landscaped front garden and driveway, providing ample space for two cars. Step inside through the inviting red front door, and youll find a generously proportioned hallway adorned with a wealth of original features, including an exquisite wooden banister.

Moving into the reception room, which currently serves as a spacious through lounge, youll be delighted by over 400 square feet of combined dining and sitting space, bathed in natural light streaming through the original 1920s windows. At one end of the lounge, a feature gas fireplace exudes warmth and character, while at the other, stunning leaded glass doors and windows offer enchanting views of the private 65-foot rear garden.

Continuing on the ground floor, youll discover a fully fitted kitchen complete with integrated white goods. Just next door, the utility room provides essential space for your washer and dryer, along with a convenient downstairs WC. Abundant storage options are available through the ground floor garage, positioned at the front of the property.

Ascending to the first floor, youll find three generously proportioned double bedrooms. The principal bedroom, spanning over 200 square feet, boasts a captivating bay window and a beautifully crafted bespoke wardrobe along the back wall. The second first-floor double bedroom, with over 180 square feet of space, easily accommodates a double bed and additional wardrobes. Across the hall, the third double bedroom awaits, along with a family bathroom offering a shower over the bath, a hand basin, a heated towel rail, and a WC.

Venturing up to the second floor, youll discover an expertly converted loft space that now serves as the fourth double bedroom, covering more than 250 square feet. This room offers an abundance of storage, including bespoke wardrobes and eaves storage. Across the landing, a stylish shower room awaits, featuring floor-to-ceiling tiles, a hand basin, and a WC, rounding out the impressive features of this exceptional home.

"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 nonrefundable 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

£ 1212700

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
    £ 36250
  • 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

£ 125200
  • 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.

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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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