4 bedroom end of terrace for sale

£985,000 Offers in excess of

4

Bedrooms

2

Bathrooms

Floorplan

An exceptionally spacious, extended four bedroom house with outbuildings, in need of renovation and with huge development potential in sought after Forest Gate. Three reception rooms, kitchen diner, large bedrooms, original features, separate two story coach house and additional outbuildings with direct views to Wanstead Flats.Sidney Road is a quiet residential street in a much sought after location, benefitting from exceptional local amenities and transport links. This end of terrace property - the largest on the street - sits within a large, private corner plot and retains many original features, including full height mullioned bay windows to the front, side and rear facades. Access from the road is via a small paved front garden leading to a glazed porch. Theres also access through the side garden.
The porch provides access to the glazed entrance door and into the main hallway, which retains many of its original features including tiled floor, high ceilings, dado rails, deep skirting, wide architraves and bold cornice.
To the left is the impressively sized through reception room, which can be accessed by either of two doors. The front part of the room has a large bay window looking out of the front of the property with views to Wanstead Flats. Through a squared archway, the rear part of the room also has a bay window which faces the side area of the property. From the reception room, the hallway leads to the large L-shaped kitchen/breakfast room, with access on the right to the cellar. The first part of the kitchen has a range of base and wall units and includes space for a large stove. The second area includes a further range of cabinets and work surfaces, looking out through the twin windows to the side garden.From the kitchen theres access to the large lean-to which occupies a portion of the side garden area. Formed from blockwork walls and a glazed roof, this could be updated and retained to provide additional living or workspace, or could be removed to return the side garden to its original configuration. Doors lead from the lean-to out to the retained area of the side garden, which is predominantly paved.The kitchen also leads into another reception room which is currently used as a formal dining room. This room looks out towards the rear of the property via the original bay and through a conservatory which, in turn, provides access to a small rear garden. The rear garden is, once again, predominantly laid to paving. An additional door from the conservatory leads to another room which is currently configured as a large shower room with a number of cubicles. The shower room also has direct access to the coach house which can also be entered from the rear garden this could be removed to create a larger outdoor space depending on your renovation vision. The large coach house is currently laid out with several smaller rooms and there is a second story with a matching footprint. This building previously had planning permission for conversion to two one bedroom apartments, which could be investigated to further boost this propertys investment value. Back into the main house and up to the first floor where youll come to a large split-level landing. The lower level of the landing leads to bedroom three and four and the family shower room. The upper level of the landing leads to bedrooms one and two and also has a large built-in storage cupboard.Forest Gate is a popular area with superb transport links, alongside great hospitality businesses, shopping and other leisure facilities. Wanstead Park Overground station and Forest Gate Elizabeth Line stations are both only a 10 minute walk and there are numerous bus services in the immediate area. The unique area of the Winchelsea Road Railway Arches is only a few minutes on foot, with its fashionable bars and restaurants, including The Wanstead Tap, Pretty Decent Beer, Wanstead Kitchen and Wild Goose Bakery. The Holly Tree Pub, renowned for its roast dinners is just two minutes away and High Road Leytonstone is close by, which has a very extensive range of supermarkets, shops, bars, restaurants and other services. The Westfield and Stratford Shopping centres are also within easy reach. There are great leisure facilities and green spaces, with Jubilee Pond and Wanstead Heath immediately across the road, while Leytonstoneand Atherton leisure centres are also easily accessible.
MATERIAL INFORMATIONTenure FreeholdCouncil tax band D
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

£ 805825

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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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
    £ 24625
  • 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

£ 67075
  • 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.

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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.

£

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

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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.

Notes

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