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5 bed terraced house for sale

£650,000 Guide price

Waremead Road, Ilford IG2

5 bed terraced house for sale 5 2 1
Interested in this property? Call +44 20 3463 0151 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Attention All Landlords High Yeilding Rental Investment

Licensed Five Room HMO

Currently Producing £3,050pcm

Off Street Parking

Close To Gants Hill Central Line

Sold Via Modern Method Of Auction

Offered to the market with No Onward Chain is this Licensed Five Room HMO. The property is currently producing £3,050pcm. The ever-popular Waremede Road is ideally Located to Gants Hill Central Line Station, Local amenities and Road links. An early internal viewing is advised as there will be a lot of interest.

Auctioneer Comments This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc. VAT towards the preparation cost of the pack. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Property info

Floorplan(s): Floor-Plan

Floor-Plan View original

Property value data/graphs for IG2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £540,581 £340 3.6 £553,333
Semi-detached £572,280 £373 3.5 £605,500
Terraced £480,106 £363 3.3 £531,616
Flats £301,689 £369 1.7 £262,398

Current asking prices in IG2

Average: £419,833
Avg. current asking prices in IG2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £443,000
(5)
£587,045
(22)
£633,643
(14)
£682,500
(6)
Flats £233,796
(27)
£296,520
(25)
£277,200
(5)
- -
All £233,796
(27)
£320,933
(30)
£529,666
(27)
£633,643
(14)
£682,500
(6)

Current asking rents in IG2

Average: £1,972 pcm
Avg. current asking prices in IG2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £826 pcm
(2)
- £2,460 pcm
(5)
£2,864 pcm
(7)
£3,501 pcm
(2)
Flats £1,276 pcm
(11)
£1,894 pcm
(9)
£2,002 pcm
(1)
- -
All £1,206 pcm
(13)
£1,894 pcm
(9)
£2,384 pcm
(6)
£2,864 pcm
(7)
£3,502 pcm
(2)

Fun facts for IG2

Highest value in IG2
Highest value streets Zed-Index
Rosedene Gardens £777,612
Aldborough Road North £680,228
Glenwood Gardens £629,386
The Crescent £628,111
Southview Crescent £623,280
Highest turnover in IG2
Highest turnover streets Turnover
Oaks Lane 25.0%
Heathside Close 17.6%
Martley Drive 17.2%
Tring Close 16.7%
Rosedene Gardens 16.2%
Arrange Viewing

For more information about this property, please contact
Bairstow Eves - Barkingside Sales, IG6 on +44 20 3463 0151 * (local rate)

Monthly running costs Beta

£2,834 Monthly total

Mortgage

Purchase price
Deposit (10%) 65,000
Repayment term 25
Interest rate 2.0
Your payment £2,479 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £26/mo (£317/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £46 Electricity £64 Estimated energy cost £110/mo

Similar properties could save up to £285

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 19100 kWh/year
Electricity: 4900 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Redbridge

Estimated tax band E Council tax cost £180 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £21 Sewerage £18 Estimated water cost £39 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Bairstow Eves - Barkingside Sales about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bairstow Eves - Barkingside Sales, and do not constitute property particulars. Please contact Bairstow Eves - Barkingside Sales for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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