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11-13 Worple Way, Richmond
£1,595,000
Bedrooms
Bathrooms
This elegant riverside apartment, set within a stunning Mansion Block which dates back to the late 1800s, has four bedrooms and two shower rooms.
Situated on the ground floor, it is easy to walk in the beautiful communal gardens which lead directly to the riverbank. It has 3 double bedrooms, one with the view of the impressive gardens, and a 4th smaller double.
With impressive high ceilings throughout, it has a charming reception room, large enough for a dining area that opens onto a fabulous private terrace a few steps away from the gardens. The kitchen, complete with breakfast bar, can be closed off with a clever bifold door or left open to socialise whilst cooking - perfect for modern living.
This sophisticated home has a share of freehold and a long lease of 967 years. There is the option of obtaining a license for copious dry storage under the apartment, there are also communal bike sheds, and two individual storage sheds.
The Service Charge is 7372 PA
EPC Current D / Potential C and is Council Tax Band F
This beautiful mansion block sits on a scenic stretch of the River Thames and is within a 10-minute walk of Richmond Train & Tube station with links to Waterloo (circa 17 minutes) and Victoria circa (26) minutes respectively.
Richmond Bridge Mansions is close to the historic Richmond Bridge and just over the bridge, Richmond town provides an eclectic mix of shops, boutiques and restaurants and a wonderful weekend farmers market. Richmond Park, Richmond Green and stunning riverside walks are all close by.
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.
11-13 Worple Way, Richmond
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