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38a Ferdale Road, London, E7 8JX
£450,000 Guide Price
Bedrooms
Bathrooms
Reception
Bit about the Area :
"Forest Gate is not a London district that immediately springs to mind as one to visit, unless it sprouts some hotels and hang-out joints to cope with the overflow from Stratford in 2012. It's a residential area, which is quite literally the gate of Epping Forest, starting with the rural grasslands of Wanstead Flats to the north. The multicultural buzz of Green Street runs up from Upton Park with its profusion of South Asian and, to a lesser extent, Afro-Caribbean food and goods. The area is also home to West Ham Park, which offers a more horticultural experience to the wildness of Wanstead Flats."
Schools and parade of shops nearby for your convenience, this property is will be ideal for anyone who want to grab this opportunity. It will be good for BTL investors along with a those that are seeking a bigger family home. This is an area which:
1) boasts good rental yields for the rental income
2) boasts good rate of capital appreciation and
3) boasts a rich history for those looking to settle (links with Henry the 8th).
The sizes:
Please refer to the floor plan.
*All dimensions are approximate and are quoted for guidance only, their accuracy cannot be confirmed. Reference to appliances and/or services does not imply they are necessarily in working order or fit for the purpose. Buyers are advised to obtain verification from their solicitors as to the Freehold/Leasehold status of the property, the position regarding any fixtures and fittings and where the property has been extended/converted as to Planning Approval and Building regulations compliance. These particulars do not constitute or form part of an offer or contract nor may be regarded as representations. All interested parties must themselves verify their accuracy. Where room layout is included this is for general guidance only, it is not to scale and its accuracy cannot be confirmed.
Ref: 369006
Source of reference : Www dot londontown dot com
(*2) This is the opinion of the agent, we cannot 100 percent verify these to be fact, we advise you do your own due diligence before getting involved in the property.
Map location is not available for this property.
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.
38a Ferdale Road, London, E7 8JX
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