This is a brand newly refurbished, 3 / 4 bedroom mid-terrace house that's perfect for a young family or investors
The property has been completely stripped back, extended and renovated throughout, with brand new flooring, pipework, cabling, new bathrooms and a new kitchen.
Boasting large amounts of living space on the ground floor; including 2 good size reception rooms, modern shower room plus new kitchen with breakfast area that leads out to the patio garden. The first floor provides 2 double bedrooms and 1 single bedroom, as well as a good size family bathroom.
The property also boasts huge potential for investors, whether its for renting or adding value. As the property has been granted planning permission for a full loft extension; giving permission for 2 further bedrooms and another shower room! Thus making this a 5 / 6 bedroom house. In addition, there is already a new staircase installed in readiness for a loft extension, as well as all the pipework and cables required for heating, electrics and plumbing.
Viewings highly recommended for this great opportunity
Reception 1 / Bedroom 1 11'6 x 12'6 ft (3.51m x 3.81m m)
This large room is on the ground and can be used as either a living room or as the master bedroom (as there is a shower room on the ground floor also!). There's front facing double glazed windows and wood flooring
Reception 2
The 2nd reception room also has wood flooring. There's 2 good size storage cupboards here and leads onto the dining area of the kitchen
Kitchen with breakfast area
The brand new kitchen has just been installed and boasts plenty of floor and wall mounted storage cupboards. There's also a large area for a table and chairs. The oven is integrated and comes with gas hobs with overhead extractor hood (which is vented to outside)
Bedroom 2 9'6 x 10' ft (2.9m x 3.05m m)
This is a front facing double bedroom with wood flooring and double glazed windows
Family bathroom
The modern, part-tiled family bathroom is of a good size and consists of a WC, sink, heated towel rail, rear facing frosted double glazed winow and bath with overhead shower attachment
Bedroom 3 9'4 x 9'4 ft (2.84m x 2.84m m)
Another double bedroom, this time with rear facing double glazed windows and wood flooring
Shower Room
The modern shower room is located on the ground floor and boasts a WC, sink with built-in storage, heated towel rail and large shower cubicle
Bedroom 4 10' x 5'9 ft (3.05m x 1.75m m)
This is a single bedroom with front facing double glazed windows and wood flooring
Garden
The garden is currently concreted throughout with new fencing placed all the way around
East Ham (tube)
0.61 km
Barking (tube)
0.98 km
Barking (overground)
0.98 km
Upton Park (tube)
1.12 km
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
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.
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.
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.
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 0 | ||
| £125k to £250k | 2 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 3 | ||
| £125k to £250k | 5 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £300k | 0(2/5)* | ||
| £300k to £500k | 5 | ||
| £500k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |