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£625,000 Guide Price
Bedrooms
Bathrooms
Situated in a highly sought after residential pocket of north Chingford, just off Kimberley Road and around an 8 minute walk from Chingford Station, this three-bedroom semi detached house offers a fantastic opportunity to create your dream home. With Probate having been granted, there is no onward chain and the property is perfect for buyers looking for a straightforward purchase with plenty of scope to improve and extend, subject to planning permission. Positioned close to the lush greenery of Epping Forest and the historic Chingford Cricket Club, this home combines suburban tranquility with superb connectivity and community charm.
Accommodation on the ground floor comprises:-
Double glazed porch with main entrance door opening to:-
RECEPTION HALL: coved ceiling, radiator.
LOUNGE: double glazed windows to front, coved ceiling, radiator, open access to:-
DINING ROOM: double glazed patio doors to conservatory, coved ceiling, radiator.
SUN LOUNGE: windows to three sides, doors opening to garden.
KITCHEN: double glazed windows and central door opening to rear garden, fitted wall and base units, breakfast bar, plumbing for washing machine, tiled walls, space for upright fridge freezer.
Accommodation on the first floor comprises:-
LANDING: frosted double glazed window to side, coved ceiling, built in airing cupboard housing Vaillant gas central heating boiler, access to loft space.
BEDROOM 1: double glazed window to front, fitted wardrobes to one side, radiator.
BEDROOM 2: double glazed windows overlooking rear garden, fitted wardrobes to one side, radiator.
BEDROOM 3: double glazed windows to front, fitted wardrobes, radiator.
BATHROOM: frosted double glazed windows to rear, panelled bath, chromium mixer taps, pedestal basin, fully tiled walls, radiator.
SEPARATE W.C.: frosted double glazed window to rear, low flush w.c., tiled walls.
GARDEN: approx. 30 (9m) comprising of crazy paved patio and pathway, lawn area, detached brick built storage shed, access to shared driveway at the side.
Any descriptions of equipment, appliances or services do not imply that they are in good or serviceable condition. All areas, measurements & distances are approximate and are intended for guidance only. Purchasers must satisfy themselves about any statements made in these particulars, especially if they are travelling a long distance in order to view the property. Personal items and other belongings are not included in the sale, unless specifically stated in our text description. As with all Estate Agents, Next Move are subject to The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. We are registered with and supervised by HMRC for compliance, and therefore required by law to conduct due diligence on all customers (vendors and purchasers), which includes, but is not limited to, verifying customers identity by way of photo and address documentation, electronic checks, obtaining proof of ownership of property, establishing any beneficial owners, and verifying proof and source of funds. We obtain a copy of these documents for our records, and this data is kept for at least five years from the end of our business relationship. These requirements come under part of our Anti Money Laundering Policy and we are unable to begin a business relationship with any customer if we are unable to obtain the information needed. Subject to circumstances, we may also seek to obtain supporting documentation.
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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