Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£1,000,000
Bedrooms
Bathrooms
Madison Fox Loughton team are delighted to present to the market this beautiful family home located within a peaceful pretty cul-de-sac. The Summit offers a prime location for all of Loughtons pleasures with the high street shops, restaurants, bars & station only short walk away. Epping Forest is also only seconds walk from the property, ideal for families and or the daily dog walk.
Internally, the current owners havent left any stone unturned, offering a turn key full refurbishment throughout for the next owners. The ground floor holds various living spaces, of particular note is the main reception room which has a bespoke fitted entertainment wall with mood lighting and feature fire place, formal dinning room with underfloor heating, kitchen with a full range of AEG appliances along side quartz worktops, separate utility room with a guest cloakroom then completes this level. To the first floor, three of the four bedrooms offer fitted wardrobes including the impressive master holding an en-suite shower room too. Situated at the top of the stairs is also a stunning family bathroom with a jacuzzi bath.
The rear garden can be approached via the main reception, kitchen and the utility along with side access from both left/right side gates leading to the front driveway. There is also a 16ft double garage with an electronic shutter which offers the potential to convert to living space if needed, subject to the usual planning consents. A generous newly laid block pave driveway offers parking for up to three vehicles.
Tenure: Freehold
Council Tax Band: G
Please note that the information stated in regard to this property does not establish an offer or contract, neither will it be considered as representations. It is in the responsibility and obligation of all interested parties to confirm exactitude and your solicitor must check tenure and all lease information, fixtures and fittings, and any planning/building regulations where the property has been extended/converted. All measurements and dimensions are estimated and noted exclusively for guidance purposes as floor plans are not to scale and their exactness cannot be confirmed. Reference to appliances and/or facilities does not imply that they are necessarily operational or functioning for the purpose.
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 )
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
/ 5
It's quick and easy
