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£1,200,000
Bedrooms
Bathrooms
A top floor three bedroom apartment requiring some modernisation throughout, situated in a desirable period mansion block in close proximity to the River Thames
Situated in a fantastic location at the foot of Richmond Bridge is this stunning three bedroom apartment on the first floor of a period mansion block which retains a prestigious feel in an elegant style.
This top floor apartment offers over 1360 sq.ft of lateral living space with beautiful bay windows and the notable high ceilings allowing natural light to circulate. The original wood flooring are a particular trademark to the apartment.
There is a magnificent reception room along with three well-proportioned bedrooms, the principal bedroom incorporates a walkin wardrobe and has charming sash windows.
Heatherdene Mansions sits at the base of historic Richmond Bridge (Greater Londons oldest surviving Thames crossing) and occupies a particularly scenic stretch of The River Thames. Just over the bridge and within only a few hundred metres Richmond town provides a wide and sophisticated array of shops, boutiques and restaurants, whilst managing to retain a charming village atmosphere.
Richmond train station provides a rapid and direct service into London Waterloo, as well as the District Line tube and overland to Stratford, via north London.
Local schools enjoy an excellent reputation and are considered amongst the best in the country.
Richmond also enjoys three cinemas and a highly regarded Theatre, based on picturesque Richmond Green.
Map location is not available for this property.
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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