3 bedroom detached for sale

£580,000

3

Bedrooms

1

Bathrooms

Floorplan

Attractive detached property located in this highly desirable location within a five minute walk of the historic town centre and acres of protected parkland within the Abbey Gardens. There are local schools for all ages and the M25 intersection for access to the A10/M11 is within a few minutes drive. Train services are available in the adjacent towns of Epping, Loughton and Waltham Cross.

This particular property is set on a good size plot with a fully enclosed private rear garden and off road parking to the front aspect granting access to the attached garage. There may be potential to extend to the side aspect subject to the usual planning consents.

The accommodation is well planned and offers features that are highly desirable in todays market with a work from home office and ground floor guest WC.

In brief the ground floor offers a good size entrance hall which provides direct access to the both the ground floor and first floor accommodation. There is a useful guest cloakroom/wc and the study offers a good work from home space and measures a generous 84 x 62.

The large lounge over-looks the front of the property whilst the kitchen diner occupies the full width of the rear of the house and gives direct access to the rear garden. The kitchen diner is fitted with a full range of solid wood Magnet wall and base units and there remains ample space for a full size table and chairs.

The first floor is well balanced with three double bedrooms which are supported by the four piece bathroom suite with both a bath and independent shower.

Externally there is a secluded rear garden with a large patio area with the remainder being predominately laid to lawn. The front provides off road parking and grants access to the attached garage.

Detached properties in this location and price range are rarely available and therefore early viewing is highly recommended.

ENTRANCE HALL 16 3' x 6 11' (4.95m x 2.11m)

LOUNGE 17 0' x 15 10' (5.18m x 4.83m)

KITCHEN 17 0' x 14 4' (5.18m x 4.37m)

STUDY 8 4' x 6 2' (2.54m x 1.88m) With walk-in cupboard - measurements of 53 x 30

CLOAKROOM / WC 6 2' x 4 6' (1.88m x 1.37m) Reducing from 46 to 211

FIRST FLOOR LANDING 17 9' x 10 3' (5.41m x 3.12m) Maximum measurements

BEDROOM ONE 13 6' x 13 2' (4.11m x 4.01m)

BEDROOM TWO 10 1' x 8 5' (3.07m x 2.57m)

BEDROOM THREE 13 7' x 10 7' (4.14m x 3.23m) Maximum measurements

BATHROOM 10 0' x 5 5' (3.05m x 1.65m)

EXTERIOR

FRONT GARDEN

REAR GARDEN

ATTATCHED GARAGE

CHARGES AND TENURE Freehold title
Council tax band E within Epping Forest

UTILITIES Gas and Electric mains supply
Water and sewerage - Thames Water
Broadband - Virgin currently supplies
Mobile signal and coverage - Vendor advised all major providers available

Features
  • Freehold

Map location is not available for this property.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 481200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 14500
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 46200
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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