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Roding Road, Loughton

Guide price £475,000

  • Terraced
  • 3
  • 1
  • 1
  • Property Type: Terraced
  • 3 Bedrooms
  • 1 Bathrooms
  • 1 Reception
  • Tenure: Freehold
  • Current Occupant: Vendor
Reference number : friend_106776342
Market info

Beautiful Three Bedroom Property In Loughton

GUIDE PRICE £475,000 - £500,000

OPEN HOUSE EVENT

SATURDAY 29TH JULY 2023

12PM - 1:30PM

Friend & Farrelly are please to introduce this delightful 3-bedroom, 1-bathroom residence nestled on the serene Roding Road in the highly sought-after town of Loughton. This lovely home presents a perfect opportunity for families, young professionals, or investors seeking a comfortable and convenient living space in a tranquil neighbourhood.

Key Features:

1. Spacious Bedrooms: The property boasts three well-proportioned bedrooms, each offering ample space for relaxation and privacy. These rooms are filled with natural light, providing a warm and inviting atmosphere.

2. Separate Dining Room: At the rear of the property allowing for sun from the South West facing garden to pour in.

3. Cosy Living Room: The heart of this home is its cosy living room, providing an ideal space for relaxation and entertainment. Whether it's unwinding after a long day or hosting gatherings with friends and family, this inviting area will easily accommodate all your needs.

4. Functional Kitchen: The property includes a functional kitchen equipped with all the essential appliances and ample storage space. 

5. South West Facing Garden: Step outside into the private garden oasis, offering a tranquil retreat from the hustle and bustle of daily life. The outdoor space is perfect for enjoying morning coffee, hosting barbecues, or letting kids play freely in a safe environment.

6. Excellent Location: Situated in Loughton, a picturesque town renowned for its green spaces and friendly community, this property enjoys easy access to local amenities, schools, parks, and leisure facilities. Commuters will also appreciate the convenience of nearby transportation links, making travel to central London and surrounding areas effortless.

7. Potential for Expansion: The property offers potential for future expansion, with the possibility of extending the living space or adding extra features (subject to local planning permissions).

Overall, this 3-bedroom house on Roding Road presents an excellent opportunity to embrace a comfortable and fulfilling lifestyle in a peaceful yet well-connected location. Don't miss the chance to make this property your dream home. Arrange a viewing today and explore the possibilities it has to offer.

Tenure  : Freehold

Roding Road, Loughton

Floor Plan

  • 1

Download EPC

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
£ 398825
Mortgage Loan to Value
84%
Gross Yield
%
Annual ROI
%
Annual Rental Profit
£
Cumulative Rental Profit
£
Cost of Purchase
£ 42575
Stamp Duty
£ 28000
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Refurbishment Budget
£ 11875
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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