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Beacontree Ave, Walthamstow, E17

Offers in excess of £690,000

  • Semi Detached
  • 5
  • 2
  • 3
  • Property Type: Semi Detached
  • 5 Bedrooms
  • 2 Bathrooms
  • 3 Reception
  • Tenure: Freehold
  • Sale classification: Property to Refurbish
  • Current Occupant: Vacant
Reference number : friend_1506338365
Market info

Five Bedroom Semi Detached Property

Friend & Farrelly Property Services are proud to offer this substantial 4/5 bedroom semi-detached period house situated on a popular residential street with uninterrupted views of woodland to the front and would suit an owner occupier looking for a project, investor or developer.

The house is spread over two floors and has flexible living accommodation with various options on how to use the vast space it offers and is in need of updating and modernisation throughout. On the ground floor there is; Entrance Hall, Living Room with bay window, Bedroom 1, Kitchen and rear Reception Room with Shower Room/Utility to the rear with double doors into the garden. On the first floor, there is; Studio room, 3 further Bedrooms, Bathroom and Separate W.C.

Beacontree Avenue is a quiet residential street with excellent road links via the A406 North Circular, M11 and A503 into Walthamstow with Wood Street (Overground) Station being 0.7miles away and Walthamstow Underground Station (Victoria Line) 1.7miles away. Walthamstow benefits from a wide variety of shopping and leisure facilities with excellent primary and secondary schools nearby.

Due to the current layout, it is our opinion that the property could be used as a substantial family home or converted into at least 2 apartments (subject to planning permission). 

To the rear is a level West facing garden and to the front, uninterrupted views of woodland and within walking distance of The Circle parkland area.

Beacontree Ave, Walthamstow, E17

Travel Distances

  • Wood Street (overground)
    0.59 km

  • Highams Park (overground)
    1.02 km

  • South Woodford (tube)
    0.98 km

  • Snaresbrook (tube)
    1.16 km

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Calculate your 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
£ 582650
Mortgage Loan to Value
84%
Gross Yield
%
Annual ROI
%
Annual Rental Profit
£
Cumulative Rental Profit
£
Cost of Purchase
£ 65150
Stamp Duty
£ 45200
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Refurbishment Budget
£ 17250
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
£
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)
£
Maintenance
£
Insurance
£ 500
Ground Rent
£ 0
Service Charge
£ 0
Adjust these figures
  %
  %
£
  %

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.

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Single Property

Purchase Price

(Enter numbers only)

Show Full Calculation
Effective Rate
00.00 %
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

Additional Property

Purchase Price

(Enter numbers only)

Show Full Calculation
Effective Rate
00.00 %
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

First Time Buyer

Purchase Price

(Enter numbers only)

Show Full Calculation
Effective Rate
00.00 %
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
*For purchases over £500k, SDLT is charged at 2% from £125k to £250k and 5% from £250k to £925k.

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