Introducing this excellent 3-bedroom investment property in the highly sought-after Shakespeare Crescent, Manor Park, E12. This house offers a unique opportunity to make your mark, requiring renovation and presenting a blank canvas for your vision. With its convenient location near numerous amenities, schools, and train stations, it's a prime prospect for investors and homeowners alike.
Key Features:
Untapped Potential: This 3-bedroom, 1-bathroom property with a kitchen is the perfect project for those looking to create their dream home or develop a profitable rental property. Its blank canvas nature allows for a truly personalized touch.
Investment Opportunity: Located in the popular Shakespeare Crescent, Manor Park, E12, this property is a prime candidate for capital growth and high rental yields. Turn this house into an inviting and stylish space, catering to a strong rental market.
Prime Location: This property is ideally situated for families and professionals, with easy access to the city and beyond thanks to the nearby train stations. Enjoy the best of both worlds - a peaceful residential area with the convenience of urban living.
Array of Amenities: A variety of amenities, including supermarkets, restaurants, cafes, and leisure facilities, are just a short walk away. Experience a comfortable and enjoyable lifestyle with everything you need right on your doorstep.
Garden with Potential: The property also features a garden that is ready to be transformed into an inviting outdoor space. With some work and creativity, you can create a beautiful oasis for relaxation or entertaining.
Don't miss this incredible opportunity to acquire a promising investment property in the heart of Shakespeare Crescent, Manor Park, E12. Schedule a viewing today and discover the potential this property holds for your future.
Tenure : Freehold
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 |
