5 bedroom semi-detached for sale

£525,000

5

Bedrooms

2

Bathrooms

Floorplan

Honey Lane is a highly regarded location on the outskirts of Waltham Abbeys historic town centre. It is ideally located with easy access to junction 26 of the M25 with interconnections the M11 and A10 intersection. Local schools for all ages are within walking distance as are local shopping facilities and recreational gardens at Larsens Park.

The property itself is a highly sought after Victorian semi-detached property which has been extended into to the loft space to create living accommodation over three floors.

There is a good size entrance hall which grants access to the large through lounge, fitted kitchen which leads onto the custom built conservatory and a useful ground floor WC.

The first floor offers three bedrooms and family bathroom. Additionally there is an open office space on the first floor which could be used as an office or removed to create a stunning feature first floor landing. The bathroom is a white suite with panelled bath and overhead shower, low flush WC and wash hand basin.

The top floor offers a large master suite with a spacious bedroom area and a personal en-suite bathroom. Additionally there is another bedroom or large dressing room, depending on the requirements of the new owners.

Externally there is a good size South facing rear garden that extends to approx. 70 in length (un-measured). The garden would benefit from re-seeding or a new lawn being laid , again subject to new owners requirements. The front of the property offers off road parking for two vehicles and grants access to the attached garage with up and over door.

Being offered chain free. Early viewing is highly recommended

HALLWAY 28 10' x 3 4' (8.79m x 1.02m)

LOUNGE/DINER 26 7' x 12 1 Max' (8.1m x 3.68m)

KITCHEN 12 6' x 10 9' (3.81m x 3.28m)

CONSERVATORY 11 7' x 9 4 Max' (3.53m x 2.84m)

GUEST WC 5 6' x 2 10' (1.68m x 0.86m)

LANDING 22 00' x 5 4' (6.71m x 1.63m)

BEDROOM ONE 14 3 Max' x 10 4' (4.34m x 3.15m)

BEDROOM FOUR 11 10' x 10 2' (3.61m x 3.1m)

BEDROOM FIVE 10 10' x 6 10' (3.3m x 2.08m)

BATHROOM 8 7' x 6 3' (2.62m x 1.91m)

STUDY 7 7' x 5 3' (2.31m x 1.6m)

LANDING

BEDROOM ONE 19 8 Max' x 15 10 Max' (5.99m x 4.83m)

ENSUITE BATHROOM 6 2' x 54 (1.88m x 16.46m)

BEDROOM TWO 17 00' x 6 8' (5.18m x 2.03m)

REAR GARDEN

ATTACHED GARAGE

CHARGES Council Tax Epping Forest District Council Band E

Tenure - Freehold

UTILITIES AND SUPPLIERS Electricity - Mains Octopus Energy
Water - Mains Thames Water
Sewage -Mains Thames Water
Heating - Octopus Energy
Broadband and Speed - Unknown (Property previously tenanted)
Mobile Signal and Coverage - Vodafone Three EE O2
Flood Risk - No Risk


POINTS TO NOTE The vendor has disclosed that the conservatory is in need or repair/replacement and he is currently getting quotes for works to either repair or replace .

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

£ 435825

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 13125
  • 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

£ 42075
  • 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

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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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