4 bedroom terraced for sale

£600,000 Guide Price

4

Bedrooms

4

Bathrooms

Floorplan


SUMMARY
''NO UPPER CHAIN''
A modern three/four bedroom converted property with FOUR BATHROOMS, Kitchenette in each room and off road parking with DOUBLE GARAGE


DESCRIPTION
Located off the popular London Road in Romford and within easy reach of The Brewery Shopping Area and Train Station is this cleverly converted and updated Three/ Four Bedroom Property.
Enter through the porch with room for appliances and into the hallway leading you to the open plan Kitchen/Lounge/Dining Room. This great entertainment space has under floor heating, storage for the large Megaflow Tank and French doors leading to the garage. The original lounge is currently being used by the owners as a bedroom but can easily be change back to a formal area. Downstairs is finished with a shower room. Up the stairs to the first floor and you will have TWO DOUBLE bedrooms both with en suites and kitchenette. The Second floor has been converted into a bedroom with separate kitchenette and a further bathroom.
Outside the front aspect has off road parking for two vehicles and the rear garden has a lovely artificial lawn and rear patio with pagoda and access to the double garage.

A viewing is highly recommended to appreciate the work the current owners have done to this amazing family home or maybe a AIRB&B.

Entrance Porch
UPVC Double Glazed Door & Windows to Front, Carpet, Storage Cupboard, Washing Machine & Tumble Dryer Space

Entrance Hall
Wooden Fire Door, Carpet, Under Floor Heating, Storage Cupboard, Under Stairs Storage

Lounge / Bedroom Four12 6' into bay x 11 7' ( 3.81m into bay x 3.53m )
UPVC Double Glazed Bay Window to Front Aspect, Laminate Flooring, Under Floor Heating, Built in Wardrobes

Family Room13 3' x 11 11' ( 4.04m x 3.63m )
Laminate Flooring, Under Floor Heating, Feature Fireplace, Storage Cupboard

Kitchen / Diner12 7' x 8 10' ( 3.84m x 2.69m )
UPVC Double Glazed French Doors & Window to Garden, Laminate Flooring, Under Floor Heating, Series of High & Low Level Units, Oven Space, Dishwasher Space, Vaillant Boiler

Shower Room
UPVC Double Glazed Frosted Window to Rear Aspect, Fully Tiled walls & Floor, Spotlights, Under Floor Heating, Cubicle with Mains Shower, Vanity Sink, Low Level Flush WC, Extractor

Landing
Carpet, Stairs to Second Floor

First Floor:

Bedroom One12 10' into bay x 11 1' ( 3.91m into bay x 3.38m )
UPVC Double Glazed Bay Window to Front Aspect, Laminate Flooring, Under Floor Heating, Built in Wardrobe

Kitchenette7 4' x 3 3' ( 2.24m x 0.99m )
Series of High & Low Level Units, Laminate Flooring, Sink

En Suite
UPVC Double Glazed Frosted Window to Front Aspect, Fully Tiled walls & Floor, Under Floor Heating, Cubicle with Mains Shower, Vanity Sink, Low Level Flush WC, Extractor

Bedroom Two11 11' x 11 2' ( 3.63m x 3.40m )
UPVC Double Glazed Window to Rear Aspect, Laminate Flooring, Under Floor Heating, Built in Wardrobe

Kitchenette8 x 3 10' ( 2.44m x 1.17m )
Series of High & Low Level Units, Laminate Flooring, Sink

En Suite
UPVC Double Glazed Frosted Window to Rear Aspect, Fully Tiled walls & Floor, Under Floor Heating, Cubicle with Mains Shower, Vanity Sink, Low Level Flush WC, Extractor

Second Floor:

Bedroom Three12 9' x 9 4' ( 3.89m x 2.84m )
2 x Velux Windows, Laminate Flooring, Under Floor Heating, Built in Wardrobe

Kitchen10 10' x 5 5' ( 3.30m x 1.65m )
UPVC Double Glazed Window to Rear Aspect,Laminate Flooring, Spot Lights, Series of High & Low Level Units, Fridge Space, Freezer Space

En Suite
UPVC Double Glazed Frosted Window to Rear Aspect, Fully Tiled walls & Floor, Under Floor Heating, Cubicle with Mains Shower, Vanity Sink, Low Level Flush WC, Extractor

Front Aspect
Paved Driveway via Drop Kerb

Rear Aspect
Paved Patio, Artificial Lawn Area, Paved Rear Patio with Pagoda, Raised Planting, Outside Tap

Double Garage22 1' x 17 2' ( 6.73m x 5.23m )
Up & Over Door to Rear Service Road, Door and Windows to Garden, Power & Lighting



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

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

£ 497700

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
    £ 15000
  • 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

£ 47700
  • 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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