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£2,725,000
Bedrooms
Bathrooms
Occupying one of the largest plots on Alderton Hill, we are pleased to bring to the market this substantial seven-bedroom detached family home. Already one of the largest properties on this prestigious turning.
To the front is a large driveway with parking for several cars and side access leads to the rear garden which measures approaching 150 and is mainly laid to lawn with a private patio area.
As you enter the property you are greeted by a formal entrance hall with two further internal hallways, there is a very large formal lounge, two further reception rooms and a good size kitchen/breakfast room. The ground floor further offers a utility room, boiler room and two guest W/Cs. The first floor provides an amazing master suite with en-suite bathroom and dressing room, six further double bedrooms, a family bathroom and a family shower room.
The property is located within easy reach of Loughton Central Line station which offer easy access into London. Loughton High Road offers a huge choice of shops, delightful boutiques, eateries, bars and restaurants with further local amenities including Loughton Leisure Centre, healthcare practices, Marks and Spencers Food Hall and Sainsburys just to name a few. By car M25 (junction 26), M11 (Junction 5 - Southbound) and A406 are within easy reach. The area offers an amazing range of primary and secondary schools, both private and state.
Tenure: Freehold
Council Tax Band: H
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.
Map location is not available for this property.
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.
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