Gracechurch Property Services are delighted to market this TWO BEDROOM Apartment, located in the ever popular 'Mock Tudor' style development of Grange Court, Loughton IG10.
This property has been lovingly looked after by the current owners with original herringbone parquet flooring, high ceilings, and character features throughout the flat.
Situated off Upper Park, just a short walk from the High Road, Loughton Central Line station is only 0.4 miles away, along with the neighbouring Epping Forest.
Added benefits include TWO DOUBLE BEDROOMS, with the second bedroom featuring fully fitted floor-to-ceiling wardrobes, a PRIVATE REAR DOOR leading directly to the beautifully maintained communal gardens, Residents Parking, Modern Family Bathroom, a LONG LEASE and SHARE OF FREEHOLD.
This property would make for a wonderful first home, and is an ideal purchase for commuters, hybrid workers, or downsizers alike.
Other Information...
Parking Arrangements: Residents OFF ROAD Parking
Vendors position: Actively Looking
Council Tax Band: D
Tenure: Leasehold - 110 Years Remaining
Service Charges: £137 per month.
Ground Rent: Peppercorn - £1 per annum
Borough: Epping Forest
Tenure : Leasehold
Council Tax Band : D
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 |
