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10 Roding Lane South, Redbridge
£550,000 Guide Price
Bedrooms
Bathrooms
'''GUIDE PRICE 550,000 - 600,000'''
Sandra Davidson are pleased to offer this well presented THREE bedroom apartment situated on the fourth floor in the ever popular The Bowls gated development in Chigwell.
This spacious apartment has been well-maintained and features; Dining area, reception room, private balcony, THREE DOUBLE BEDROOMS, three piece family bathroom, wet room, airing cupboard, and fitted kitchen with integrated appliances.
This fourth floor apartment can be accessed via stairs or a lift.
The exterior of the property features beautifully maintained communal grounds, guest parking and your own garage en block.
Lease Term: 945 Years
Service Charge: 4416.68 per annum
Ground Rent: 1 per annum
This property can only be appreciated by internal inspection and comprises:
Communal Entrance - Secure door entry system, stairs and lift to all floors.
Entrance Hall - 2.14m x 3.23m (70' x 107') - Fitted carpet, storage cupboards, wall mounted lights, doors to:
Reception - 3.95m x 6.16m (130' x 203') - Double glazed sliding door leading to balcony, further double glazed window, wall mounted lights, fitted carpet, feature fireplace, coved cornicing.
Kitchen/Dining Area - 3.95m x 3.10m (130' x 102') - Double glazed window, laminate flooring, tiled walls, range of base and wall units, one and half bowl sink with strainer, integrated appliances, four ring electric hob with extractor hood over, space and services for American-style fridge/freezer, door to utility area housing the boiler, ceiling light.
Dining Room - 4.96m x 3.63m (163' x 1111') - Fitted carpet, feature chandelier, suspended ceiling with internal surrounding light, coved cornicing.
Bedroom One - 3.69m x 5.24m (121' x 172') - Double glazed window, fitted carpet, wall mounted lights, fitted wardrobe with sliding door, coved cornicing.
Bedroom Two - 4.87m x 2.72m (160' x 811') - Double glazed window, fitted carpet, fitted wardrobe, ceiling light.
Bedroom Three - 3.32m x 3.71m (1011' x 122') - Double glazed window, fitted carpet, fitted wardrobe, ceiling light.
Balcony - 3.85m x 1.50m (128' x 411') - Window to rear, window to side, window to front.
Bathroom - Suite comprising; tile panelled bathtub, there is a separate walk-in shower cubicle with doors in the bathroom, pedestal hand wash basin, low level WC, chrome plated heated towel rail, tiled walls, fitted tiled flooring light, two double glazed opaque windows to rear
Shower Room - 2.31m x 1.98m (77' x 66') - Tiled walls and flooring, chrome plated heated towel rail, hand wash basin inset to vanity unit, walk in shower enclosure with power shower, ceiling light.
Exterior - Communal gardens maintained by on-site maintenance team, garage en bloc, additional parking.
Proeprty Information - Council Tax Band: F
Local Authority: Epping Forest
Lease Term: 945 Years
Service Charge: 4400 per annum
Ground Rent: 1 per annum
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £2,378.57
Total Interest: £306,284.39
Overall Total: £856,284.39
Amortization For Monthly Payment: £2,378.57 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £17,438.07 | £11,104.74 | £538,895.26 |
| 2026 | £17,077.46 | £11,465.35 | £527,429.90 |
| 2027 | £16,705.14 | £11,837.67 | £515,592.23 |
| 2028 | £16,320.73 | £12,222.08 | £503,370.15 |
| 2029 | £15,923.83 | £12,618.98 | £490,751.17 |
| 2030 | £15,514.05 | £13,028.76 | £477,722.41 |
| 2031 | £15,090.96 | £13,451.85 | £464,270.55 |
| 2032 | £14,654.13 | £13,888.68 | £450,381.87 |
| 2033 | £14,203.12 | £14,339.70 | £436,042.18 |
| 2034 | £13,737.46 | £14,805.36 | £421,236.82 |
| 2035 | £13,256.68 | £15,286.14 | £405,950.68 |
| 2036 | £12,760.28 | £15,782.53 | £390,168.15 |
| 2037 | £12,247.77 | £16,295.05 | £373,873.10 |
| 2038 | £11,718.61 | £16,824.21 | £357,048.90 |
| 2039 | £11,172.27 | £17,370.55 | £339,678.35 |
| 2040 | £10,608.18 | £17,934.63 | £321,743.72 |
| 2041 | £10,025.78 | £18,517.03 | £303,226.69 |
| 2042 | £9,424.47 | £19,118.34 | £284,108.35 |
| 2043 | £8,803.63 | £19,739.18 | £264,369.17 |
| 2044 | £8,162.63 | £20,380.18 | £243,988.98 |
| 2045 | £7,500.81 | £21,042.00 | £222,946.98 |
| 2046 | £6,817.50 | £21,725.31 | £201,221.67 |
| 2047 | £6,112.01 | £22,430.81 | £178,790.87 |
| 2048 | £5,383.60 | £23,159.21 | £155,631.65 |
| 2049 | £4,631.54 | £23,911.28 | £131,720.38 |
| 2050 | £3,855.05 | £24,687.76 | £107,032.62 |
| 2051 | £3,053.36 | £25,489.46 | £81,543.16 |
| 2052 | £2,225.62 | £26,317.19 | £55,225.97 |
| 2053 | £1,371.01 | £27,171.80 | £28,054.17 |
| 2054 | £488.65 | £28,054.17 | £0.00 |
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.
10 Roding Lane South, Redbridge
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Sat Jul 05 2025
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Sat Jul 05 2025
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