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81 Cecil Street, WD24 5AS
£1,250,000
Bedrooms
Bathrooms
Reception
A rare opportunity for a full cash buyer to acquire 3 houseboats on a highly sought after 60ft residential mooring.
The mooring includes 3 distinctive boats
This secure residential mooring is situated in a prime position at Kew Bridge on the River Thames.
The mooring comprises of one large 2-storey houseboat comprising of 2 separate rentable flats with central heating with a balcony terrace on the second floor and the first floor apartment with a large railed balcony, ideal for sunbathing and dining.
There are two narrowboats with excellent accommodation, 45ft with a single-bedroom and 58ft with two-bedrooms. All three boats are fully connected to the mains electricity and the sewer.
You have the unique opportunity to purchase the mooring on a long term lease.
This property is an excellent proven rental investment with the high yield existing boats, with space for an extra boat or with the potential of removing the existing boats and converting the mooring into a fabulous large riverside dwelling for a single houseboat or an alternative rental opportunity.
Great transport links
The mooring is near the start of the M4 so Heathrow is just 20 minutes away and gives easy access to the M25 and central London.
Waterloo is only 29 minutes by Overground train from Kew Bridge station, just four minutes walk away.
There are two Tube stations to choose from on the district line, buses in every direction and even a tour boat that sails into Westminster, the centre of London and Hampton Court Palace.
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.
81 Cecil Street, WD24 5AS
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