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38a Ferdale Road, London, E7 8JX
£485,000 Guide Price
Bedrooms
Bathrooms
Reception
Please be aware this is a sale by tender property and the prospective purchaser will incur an introductory fee to KK Rich Estate, of 1.85% of the purchase price.
This lovely home with three bedrooms can be found in a wonderful neighbourhood and is ideally situated close to a number of highly desirable facilities.
It is impossible to overstate how convenient it is that Fourth Avenue is so close to the many shops and restaurants that are located on Romford Road.
The proximity of Little Ilford Park is very convenient.
Guide Price 485,000
The Sizes.
Ground Floor:
Reception 1: L 3.86m W 3.67m
Reception 2: L 3.49m W 2.91m
Downstairs Bathroom: L 1.72m W 2.40m
Kitchen: L 6.72m W 3.43m
Conservatory: L 1.94m W 3.46m
First Floor:
Bedroom 1 : L 4.16m W 4.34m
Bedroom 2 : L 3.51m W 2.92m
Bedroom 3 : L 4.14m W 3.16m
Upstairs Bathroom :L 2.09m W 2.40m
Why is this home above others in the area? (*2)
1) Massive earning potential.
2) With both schools and a parade of shops nearby for your convenience, this property is will be ideal for anyone who wants to grab this opportunity.
4) The property is in a sought area where new developments are being erected.
5) Close to Ilford town center with a quick bus journey to Stratford Westfields.
Notice:
1) Requested Viewings outside office hours can be accommodated, with a fee of 20.00 per viewing, this is completely refunded upon completion of any properties with us by the customer.
2) Lettings
KK Rich Estates also offer professional Lettings and Management Service. If you are considering renting your property, to purchase or are looking at buy to let investments or would like a free review of your current portfolio then please call the lettings manager.
*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.
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 a room layout is included this is for general guidance only, it is not to scale and its accuracy cannot be confirmed.
(*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.
Ref: 369112
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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