2 bedroom house for sale

£500,000 Guide Price

2

Bedrooms

1

Bathrooms

Floorplan

Guide price 500,000-525,000 - A superb two-bedroom ground floor Abrahams maisonette for sale, in the Francis Road area of Leyton, with outstanding fixtures and fittings, stylish reception room, large designer kitchen-diner and a private garden. This much sought-after location offers all your amenities and entertainment requirements within easy reach.
Situated in the heart of the Francis Road area of Leyton, this beautifully presented and cleverly refurbished property retains many of its original features inside and out. Through a small, neat front garden, a covered porch leads to the beautifully restored front door and into a bright hallway, which includes white painted original floorboards and useful built-in storage. The reception room has exceptional original features complemented by dark teal walls which bring warmth and character to the space. A large bay window highlights the sense of grandeur. The large kitchen-diner has contemporary low profile white base cabinets, topped with high quality contrasting granite worksurfaces with shelving above. Decoration and flooring are predominantly white to highlight the modern theme and theres room for a dining table. French doors lead out to the side return area of the garden. The rear garden is an exceptional size for this type of property, with a beautifully presented timber workshop. Bedroom one is a good-sized double room overlooking the side return of the rear garden and bedroom two is a generous single room also looking out to the rear of the property. The stylish, fully tiled bathroom has built-in storage, a WC, pedestal basin and a large bathtub with rainfall shower above and a glazed screen. The property is situated in the very popular Francis Road area of Leyton, which is renowned for its many small independent shops, cafes, restaurants and pubs in the attractively preserved pedestrianised area located less than five minutes walk from the property. Highlights include the Yardarm, the Northcote Arms and the Marmelo Kitchen, with its popular supper clubs. Many other amenities can be found in the immediate area, including supermarkets, retail parks and the many businesses on Leytonstone High Road. The area is served with good transport links, with Leyton Central Line tube station and Leytonstone High Road overground stations both being a 15-minute walk. This is also a perfect location for lovers of outdoor leisure pursuits, with some of Londons best green spaces within easy access, including Hollow Pond, Leyton Flats and Hackney Marshes. Words from the sellerWeve loved living at Newport Road and are sad to be moving on. We originally planned to stay for the foreseeable future and renovated with that in mind. We have always used premium fixtures and fittings and never cut corners when working on the house, such as installing the solid brass bullnose doorstep. We have worked hard to maintain all of the houses original period features, including the architrave ceiling in the living room and bedroom, and the original marble fireplace.
Its a bright, comfortable home with a great sense of space on a school safe road. Wunder underfloor heating runs throughout the kitchen, bathroom, and second bedroom, while the other rooms have period cast iron radiators, all managed by the Wunder Smart Home App. All windows, including the period-style sash windows, are double-glazed and have recently been painted both inside and out.
Both the front and rear gardens have been designed to be low maintenance. The garden is surrounded by tall trees, making it perfect for watching blue tits and parakeets. We love that the rear garden has two seating areas, providing a choice of spaces to relax. The front garden is deep enough for a storage shed, which has been perfect for our bikes, preventing us from having to bring them through the house. The workshop/shed at the bottom of the garden has been invaluable as additional storage for all our ski and camping equipment.
The kitchen is fitted with a Rangemaster gas oven, dishwasher, and washing machine. The bathroom has a powerful rainfall shower and plenty of room for storage of cosmetics and bedding. The master bedroom is great for light sleepers as its very quiet, and the second bedroom has recently been fitted with a real oak herringbone floor. Most importantly, weve had fantastic, friendly neighbours, which has made living here even better!
To view this property, please contact a member of our friendly and helpful team of property professionals.
Material Information:Tenure LeaseholdLease - Expires 05/09/2171 (146 years remaining)Ground Rent - 150Ground Rent Review Contact agentService Charge 0Service Charge review N/ACouncil tax band B
These property particulars have been prepared by Trading Places Estate and Letting Agents under the instruction of the owner and shall not constitute an offer or the basis of any contract. They are created as a general guide and our visit to the property was for the purpose of preparing these particulars. No form of survey, structural or otherwise was carried out. We have not tested any of the appliances, services or connections and therefore cannot verify them to be in working order or fit for the purpose. This includes heating systems. All measurements are subject to a margin of error, and photographs and floorplans are for guidance purposes only. Fixtures and fittings are only included subject to arrangement. Reference made to the tenure and where applicable lease term is based on information supplied by the owner and prospective buyers(s) must make their own enquiries regarding all matters referred to above.

Features
  • Freehold

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

£ 415200

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 12500
  • 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

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£

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

£ 40200
  • 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
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  • 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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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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

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  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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