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Newnham Close, Loughton

£3,500 pcm

  • House
  • 5
  • 3
  • 3
  • Property Type: House
  • 5 Bedrooms
  • 3 Bathrooms
  • 3 Reception
  • Furnishing: Unfurnished
Available from : 27 Aug 2021
Reference number : friend_2099096395
Admin fees : No Admin Fees To Tenants Friend & Farrelly Property Services Are Members Of The Property Ombudsman. Friend & Farrelly Are Also Registered With CMP (Client Money Protection) And Are Members Of NLA

Stunning Five Bedroom Property In Loughton

Friend & Farrelly Property Services Are Proud To Offer This Stunning Five Bedroom Home To The Market. This Is The Perfect Family Home Given The Amount Of Space This Property Offers. On The Ground Floor We Have A Light And Airy Entrance Hallways With Door Leading To Beautiful Large Open Plan Kitchen/Dining Room With Bi-Folding Doors To Large Landscaped Rear Garden, Utility Room, Indoor Entrance To Garage, Downstairs W.C And A Nice Size Front Facing Lounge With Doors Leading To Playroom/Second Reception. On The First Floor The Property Has Three Nice Sized Double Bedrooms (Largest With En-Suite), A Generously Sized Office And Family Bathroom. The Second Floor You Will Find The Luxurious Large Main Bedroom With Stunning En-Suite And A Further Double Bedroom Which Is Currently Being Used As A Walk In Wardrobe To The Main Bedroom. 


The Property Is Located Within Walking Distance To Loughton Underground Station, Loughton High Road And Therefore Lots Of Shops, Bars And Restaurants. The Property Is Also Within The Catchment Area For Outstanding Schools. 


Available From 27/08/2021

Unfurnished

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
£ 5412.5
Mortgage Loan to Value
155%
Gross Yield
%
Annual ROI
%
Annual Rental Profit
£
Cumulative Rental Profit
£
Cost of Purchase
£ 2787.5
Stamp Duty
£ 0
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Refurbishment Budget
£ 87.5
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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