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£725,000
Bedrooms
Bathrooms
Requiring modernisation but providing a wide and deep plot, this spacious three bedroom, two bathroom home with integral garage and large storeroom offers scope to update, reconfigure and further extend (STPC) to create the ideal family home.
Just 0.3 Miles from Redbridge Station and Redbridge Primary School in addition to a 0.7 miles walk to Wanstead High School, this home is well placed for families and commuters alike. Positioned on a wide and deep plot, there is a driveway for a number of cars and integral garage that leads through to a generous storeroom. The house is equally well proportioned, with a wide hallway providing space for coats or the possibility of a ground floor W.C beneath the stairs, leading to two big reception rooms, both accessible with their own, separate doorway but connected by bi-folding doors. The kitchen leads on from the dining room and sweeps around the corner, cleverly providing more wall storage and food preparation space.
To the first floor there are four bedrooms, two of which are incredibly generous doubles with fitted storage units, the smaller double bedroom benefiting from a modern, en-suite shower room. The fifth single bedroom provides a perfect space for a home office if required. The family bathroom could be combined with the separate W.C to create a much larger family home if desired and there is space to extend into the loft and rear if further living space is desired (STPC). The garden is a blank canvas, laid to lawn with access to a W.C. This home is offered for sale with no onward chain.
EPC Rating: E46
Council Tax Band: F
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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