4 bedroom end of terrace for sale

£575,000

4

Bedrooms

1

Bathrooms

Floorplan

DESCRIPTION This stylishly presented and well extended family house is a turn-key home - just ready for the new owner to come in, put their furniture down and enjoy. The house has been thoughtfully extended to the rear and on to the second floor where there is a master bedroom suite with far-reaching views to the south-facing rear. Honeycroft is very well placed for local amenities including Debden Station (approx. 2/3rds of a mile), local junior and senior schools and a wide range of shops and eateries across Loughton.

GROUND FLOOR

ENTRANCE HALL

LIVING ROOM 16 4 (Max)' x 13 1 (Avg)' (4.98m x 3.99m) Partially open to:

KITCHEN 13 0' x 8 0' (3.96m x 2.44m) Open to:

BREAKFAST ROOM 9 7' x 9 0 (Max)' (2.92m x 2.74m) French doors open to the garden.

UTILITY ROOM & WC 11 7' x 3 1' (3.53m x 0.94m)

FIRST FLOOR

LANDING

BEDROOM 2 10 6 (Max)' x 10 6 (Max)' (3.2m x 3.2m)

BEDROOM 3 11 6 (Max)' x 9 9' (3.51m x 2.97m)

BEDROOM 4 7 7' x 7 6' (2.31m x 2.29m) Fitted with two banks of wardrobes and currently used as a dressing room.

BATHROOM & WC 8 6' x 5 7' (2.59m x 1.7m)

SECOND FLOOR

LANDING

BEDROOM 1 13 2 (Avg)' x 11 1' (4.01m x 3.38m)

SHOWER

EXTERIOR The rear garden is laid to an attractive low-maintenance design of paved patios and well-planted beds and borders.

TENURE We understand the property to be freehold and vacant possession is to be granted upon completion (subject to confirmation by the sellers solicitor).

SERVICES All mains services are understood to be connected. No services or installations have been tested.

COUNCIL TAX Council Tax is payable to Epping Forest District Council. The property is shown in Council Tax band D.

BROADBAND It is understood that Fibre Optic Broadband is available in this area.

SCHOOL PRIORITY (CATCHMENT) ADMISSIONS AREA The property stands in the Priority Admissions Area for The Alderton Infant School & Debden Park High School.

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

£ 477075

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
    £ 14375
  • 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

£ 45825
  • 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

Adjust these figures

  %

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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