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40 Southern Hay, Basildon
£600,000 Offers in excess of
Bedrooms
Bathrooms
Located in the heart of Basildon, this four-bedroom detached house on Sellars Way offers a comfortable and spacious living environment ideal for families. The property features a generous layout with four bedrooms, providing plenty of space for everyone. With a single bathroom, the home ensures practicality and ease for daily routines.
Sellars Way is situated in a well-connected area of Basildon, making commuting and access to local amenities straightforward. The town centre is just a short distance away, offering a variety of shopping and dining options. Local schools, including Woodlands School and Lee Chapel Primary School, are easily accessible, making this an excellent choice for families.
The neighbourhood provides a welcoming community atmosphere with nearby parks and recreational facilities. The propertys location allows for easy access to transport links, connecting you to London and other surrounding areas. This house represents an excellent opportunity for those looking to settle in a vibrant and established area.
Act now to secure this property as your new family home in Basildon.
Entrance Hall 125' x 65'
Downstairs W.C
Lounge 2010' x 115'
Kitchen / Diner 247' x 115'
Utility Room 64' x 53'
Bedroom 119' x 97'
Ensuite Shower Room 79' x 45'
Bedroom Two 118' x 90'
Bedroom Four 108' x 93'
Bathroom 113' x 62'
COUNCIL TAX BAND - E (2,639) PER YEAR
EPC RATING - B
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.
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