3 bedroom semi-detached for sale

£480,000

3

Bedrooms

1

Bathrooms

Floorplan

DESCRIPTION Offered with NO ONWARD CHAIN and for the first time since it was built in the mid-twentieth century, this semi-detached house offers a very exciting opportunity for a buyer to completely modernise and extend (subject to all required permissions) to create a home of their own. The house stands in a residential area within a mile of Buckhurst Hill Central Line station and the shops, cafes and restaurants of Queens Road as well as a short distance of local schooling.

PORCH

GROUND FLOOR

ENTRANCE HALL

LIVING ROOM 14 0' x 12 0' (4.27m x 3.66m)

DINING ROOM 9 11' x 9 11' (3.02m x 3.02m)

KITCHEN 10 1' x 9 11' (3.07m x 3.02m)

LOBBY

STORE

WC

FIRST FLOOR

LANDING

BEDROOM 1 12 0' x 11 11 (Max)' (3.66m x 3.63m)

BEDROOM 2 12 0' x 9 11' (3.66m x 3.02m)

BEDROOM 3 8 11' x 7 11' (2.72m x 2.41m)

BATHROOM / WC 7 11' x 6 11' (2.41m x 2.11m)

EXTERIOR At the front of the house is a planted garden area and a single driveway providing off-street parking. There is a path down the side of the house to give access to the rear garden.

The rear garden is partially sloped and is laid to grass with a large paved patio area.

SCHOOL CATCHMENT PRIORITY AREA The property stands in the Priority Admissions Area for White Bridge Primary School & West Hatch High School.

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

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.

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

£ 398700

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
    £ 12000
  • 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

£ 38700
  • 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

Adjust these figures

  %
  %
£
  %

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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