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£819,000
Bedrooms
Bathrooms
A top floor, three bedroom apartment located on one of Richmonds most desirable streets on Richmond Hill, is offered for sale with no onward chain and a share of freehold.
This wonderful light and spacious apartment is set within a detached period conversion and benefits from a large communal garden, and potential to create a luxurious duplex penthouse.
The accommodation is ready to move in having been recently modernized with beautiful oak flooring laid throughout, a new energy efficient combi boiler installed along with modern radiators in all rooms along with new sash windows throughout and newly redecorated.
There is a generous reception with far reaching views with a modern wood burning fire, offering a homely yet welcoming room to relax in, with space to accommodate a large dining table. The Galley style kitchen has plenty of fitted cabinets in great condition and a lovely view of the communal garden. The principal double bedroom equally has plenty of space along with generous newly built in wardrobes and a feature fireplace. The second double bedroom is also a good size with plenty of natural daylight benefitting from the double aspect windows along with modern built in wardrobes. A further bedroom can be used as an office or toddlers room and benefits from lots of natural daylight, making it a very pleasant room for home working. The bathroom is partially tiled and has a good size built in vanity unit and generous family bath.
The current owner recently obtained the demise of the loft, which makes this a great opportunity to convert the loft space to add value and additional space with room for extra bedroom, en-suite and inverted balcony with far reaching views subject to the normal planning permissions.
Along with the use of the loft for storage, the flat benefits from a storage unit downstairs and dedicated growing area and shared herb garden. The communal garden is one of the largest on Richmond Hill, which is well maintained and has plenty of space for all residents to enjoy the nice weather.
Hardwicke House is a delightful building, located one of the nicest locations on Richmond Hill and highly convenient for Richmond Park.
Richmond Hill is a small community with a beautiful village at its heart, perfectly balances city and country living thanks to the spacious green spaces and easy London transport links. An ideal location for families, Richmond Hill has outstanding state and private school options, including The Vineyard, Kings House, Old Vicarage and Marshgate Primary School to name a few. Youll find everyday amenities such as dry cleaning, smaller supermarkets and coffee spots on your doorstep alongside a selection of pubs, cafes and restaurants. Local favourites include the Richmond Hill Bakery, The Marlborough pub and La Luna di Luca restaurant. Duck Pond Market, on the scenic riverside, sells ethically-sourced local food, art and crafts every weekend. Richmond town centre offers a wider range of shops, from independent boutiques in cobbled lanes to leading High Street brands, along with a Whole Foods Market and large Waitrose. Richmond train station offers access to and from London by tube or rail via the District line, South Western trains and the London Overground service.
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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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