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10 Roding Lane South, Redbridge
£130,000
Bedrooms
Bathrooms
''CHAIN FREE''
Nestled away in a quiet, yet convenient location and forming part of a popular retirement development is where you will find this one bedroom first floor apartment.
Offered to those who are aged 55 years and over, this property benefits from being warden controlled, , residents parking, visitors parking, communal gardens, communal lounge with kitchenette for entertaining, communal gym/pool room, security entryphone system and offered as a chain free sale.
Accommodation comprises spacious lounge, kitchen with appliances, double bedroom with built-in wardrobe and bathroom.
This fantastic property is located less than half a mile of many local amenities, including supermarkets, pharmacies, restaurants and coffee shops. Equally convenient, is Gants Hill Central Line station and local bus routes to neighbouring towns.
Harvester restaurant and bar is found on Beehive Lane and just a short stroll from the development.
For those who enjoy outdoor spaces, the award winning Valentines Park with its attractive gardens and waterways is just a short walk away.
Entrance Hall - 3.56m 0.98m (118' 32') - Wooden-laminate flooring, Electric radiator and doors leading to bathroom, living room, bedroom and storage closet.
Living Room - 4.95m x 2.87m (162' x 94') - Wooden-laminate flooring, emergency cord to notify assistance, double-glazed window facing the communal gardens and two ceiling lights with built-in fans.
Kitchen - 2.37m x 2.33m (79' x 77') - Wooden-laminate flooring, tiled walls, fully-fitted kitchen with lots of cabinet space, electric hob, built-in oven/grill, sink, washer/dryer, extractor unit and tube-light.
Bedroom - 4.95m x 2.87m (162' x 94') - Wooden-laminate flooring, electric radiator, double-glazed windows facing the communal gardens, built-in wardrobes, extra built-in chest storage, and ceiling light with built-in fan.
Bathroom - 2.33m x 1.81m (77' x 511') - Fully-tiled bathroom, walk-in shower with double seats, with emergency cord to notify assistance, low-level W.C., hand-wash basin, and a separate bidet.
Storage Closet - 2.63m x 0.74m (87' x 25') - Wooden-laminate flooring, storage space, meters and water tank.
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.
10 Roding Lane South, Redbridge
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