Gracechurch Property Services are delighted to market this beautifully presented TWO BEDROOM Maisonette for sale.
River Way has been renovated to a high standard by the current owners and is within walking distance to Loughton Central Line underground station and Loughton's local amenities.
Added benefits include a Private Rear Garden measuring over 60ft with decking area, Off Street Parking for two cars, a Spacious Lounge and a Modern Family Bathroom.
This property has potential for a rear extension (subject to planning permission).
River Way would make a wonderful first home, whilst also suiting a growing family with close by schools, or as an investment purchase.
VIEW THE VIRTUAL TOUR HERE: https://my.matterport.com/show/?m=MV1KKB6T5Po&brand=0
Other Information...
Parking Arrangements: Off Street Parking
Vendors position: Actively Looking
Council Tax Band: C
Tenure: Leasehold 111 Years Remaining
Location of Boiler: Kitchen
Potential Rental Value: £1250 PCM
Service Charge: £0
Ground Rent: £25 Per Month
Tenure : Leasehold
Loughton (tube)
0.51 km
Debden (tube)
0.82 km
Buckhurst Hill (tube)
1.25 km
Chigwell (tube)
1.54 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 |
