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£1,100,000
Bedrooms
Bathrooms
Situated in Wordsworth Avenue on the prestigious Firs Estate this semi-detached house, 1930s built presents a remarkable opportunity for those seeking a project with immense potential. With two spacious reception rooms, this property offers a welcoming atmosphere for both relaxation and entertaining. The three well-proportioned bedrooms provide ample space for family living or guest accommodation. The property is close to Epping Forest and Eagle Pond and walking distance to South Woodford Station and George Lane with its numerous restaurants, bars, Waitrose, Sainsburys and Cinema.
The house requires up-dating, allowing you to tailor the interiors to your personal taste and style. This blank canvas is perfect for those with a vision, as there is enormous potential for extending the property to the side and rear, subject to planning consent. Imagine transforming this house into your dream home, with the possibility of creating additional living space to suit your needs.
Additionally, the property is offered with vacant possession, ensuring a smooth transition for the new owner. Whether you are a first-time buyer, a seasoned investor, or a family looking to create a bespoke living environment, this property on Wordsworth Avenue is an exciting prospect. Embrace the chance to breathe new life into this charming home and make it your own.
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Entrance Porch - 2.12 x 1.00 (611' x 33') -
Hallway - 4.82 x 2.02 (159' x 67') -
Reception - 4.21 x 3.65 (139' x 1111') -
Reception - 4.76 x 3.55 (157' x 117') -
Kitchen - 3.61 x 2.66 (1110' x 88') -
Laundry Room - 2.99 x 1.32 (99' x 43') -
First Floor Landing Area - 3.00 x 0.82 (910' x 28') -
Bedroom One - 5.01 x 3.37 (165' x 110') -
Bedroom Two - 3.66 x 3.02 (120' x 910') -
Bedroom Three - 2.38 x 2.10 (79' x 610') -
Bathroom - 2.67 x 1.62 (89' x 53') -
Separate W.C. -
Rear Garden -
Front Aspect -
Integral Garage - 6.81 x 2.42 (224' x 711') -
Disclaimer - Whilst every care has been taken to ensure the accuracy of these particulars, such accuracy cannot be guaranteed, and therefore does not constitute any part of an offer or contract. The agent has not tested any apparatus, equipment, fixtures , fittings or services and so does not verify they are in working order, fit for purpose, or within ownership of the sellers, therefore the buyer cannot assume any information is correct. Photographs of the interior of the property are given purely to give an indication of dcor, style etc., and does not imply that any furniture/fittings etc., are included.
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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