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6 Lanark Square,, E14 9RE
£550,000 Guide Price
Bedrooms
Bathrooms
Reception
Welcome to this beautifully presented four-bedroom terraced house situated in the vibrant neighbourhood of Manor Park, London. This property, perfect for families or investors, combines classic Victorian charm with modern conveniences.
Key Features:
Additional Benefits:
Ideal for Family Living
This home has been thoughtfully designed to accommodate the needs of a growing family. The two large reception rooms offer flexibility for living and dining, while the basement provides additional space that could be adapted for various uses.
Great Investment Opportunity
This property is not only ideal for family living but also represents a fantastic investment opportunity. With its desirable location, excellent transport links, and proximity to local amenities, the potential for rental income is high. The area's ongoing development and strong demand for rental properties ensure that this home will remain a valuable asset for years to come.
Excellent Transport Links
Manor Park Station is just a short walk away, ensuring easy access to the Elizabeth Line, which connects to key London destinations. Additionally, the property is well-served by local bus routes, making commuting straightforward.
A Community Hub
The local area boasts a range of amenities, including shopping centres, parks, and recreational facilities. The proximity to esteemed educational institutions and places of worship makes this location highly desirable for families.
This property offers a unique opportunity to own a substantial home in a sought-after area of London. With its combination of size, style, and location, it is expected to attract considerable interest.
Viewing Arrangements
Viewings are available only on Saturdays between 11 am and 1 pm and must be prearranged. Please contact the agent in advance to schedule your visit.
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.
6 Lanark Square,, E14 9RE
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