3 bedroom terraced for sale

£1,500,000

3

Bedrooms

2

Bathrooms

Floorplan

This large Alberts cottage has been meticulously extended and refurbished to a very high specification including double glazed windows, new plumbing and electrics. There are three double bedrooms, a contemporary shower room and a downstairs cloakroom with scope to easily convert to a second shower room. Upstairs also has a fitted study which can be used as a nursery or changed to a family bathroom.Downstairs, off the entrance hall is an elegant double reception, with a sitting room and dining room glazed pocket doors lead to a classic shaker style DeVol kitchen, featuring granite counter tops, integrated appliances and an Aga Range cooker and extractor. A roof lantern allows natural light to flood into the kitchen. There is a separate outside laundry and utility area, leading from a glazed back porch.Beautiful, engineered oak flooring, with underfloor heating, has been installed throughout the downstairs, and the wooden flooring is repeated in the spacious loft/ bedroom. Wool carpets are in the two other double bedrooms, landing, and study room. The house has extensive storage including wardrobes, generous eaves storage and additional storage in the roof space on the first floor.The meticulous finishes extend throughout the house, both inside and externally. The private walled garden has a bike/bin store and a salvaged cast iron tank with stainless steel lid, currently used as garden storage but can also be used as a planter or small water feature.The house also includes two tree planters, bespoke curtains, period features, working gas fireplaces and light fittings from Mullan and Original BTC. Ideally positioned on the street, this beautiful house far exceeds what might be expected from a house in the Alberts. Available chain free.EPC Current D / Potential C and Council Tax F
The Alberts are a collection of charming cottages situated on the lower slopes of Richmond Hill. With the Alberts Deli, a great gastro pub and playground, the annual street party, and the regular community meetings; these cottages, so close to London, are highly sought after.Richmond tube and train station is within a 10-minute walk, with Waterloo 17 minutes and Victoria circa 26 minutes, respectively. Closer to home there are Kew Gardens and Richmond Park to explore (both a 20-minute walk), plus the riverside pubs, two theatres, an eclectic mix of boutique and High Street shops, bars, restaurants, and a lovely weekend market by the river.

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Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 1256450

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 37500
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

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

  • Legal Fees
    £ 1,300

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£

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.

Annual Costs

£ 131450
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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This is the percentage of the rent that you will spend maintaining the property.

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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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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