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£575,000 Guide Price
Guide Price 575,000 to 600,000 A RARE INVESMENT OPPORTUNITY. The property comprises an end terrace building of tradition brick construction. The ground and basement floors accommodate the existing restaurant, with the upper floors comprising residential accommodation, which have been sold off on long leaseholds.
Investment Summary
' The London Borough of Hammersmith and Fulham is a highly affluent and vibrant borough in West London.
' The property occupies a prominent position on the North end road.
' The upper floors comprise two residential flats which have been sold off on long leaseholds.
' Current passing rent of 40,000 per annum.
' Freehold.
Location The London Borough of Hammersmith and Fulham is a vibrant borough located in West London, known for its mix of residential areas, commercial hubs, and cultural attractions. Fulham Palace Road provides access to Putney to the south, Hammersmith in the north and also the A4, which provides access to the M4 and national road infrastructure. The subject property is best served by West Kensington Underground Station, providing frequent travel along the district line, leading to Earls Court, Notting Hill Gate and Edgware Road. The Thames Clipper service frequently runs from Putney Pier to Woolwich, reaching Chelsea Pier in just 15 minutes and Embankment Pier in under 40 minutes. Heathrow Airport is situated approximately 9 miles west, providing a plethora of domestic and international flights worldwide.
Tenure: Freehold
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
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.
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