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£2,000,000
Bedrooms
Bathrooms
This property underwent a major refurbishment approx 7 years ago. It now comprises high-specification, flexible living accommodation over three floors, including two reception rooms, four/five bedrooms, two bathrooms and a downstairs WC.
The ground floor is fully opened up with a beautiful kitchen, including a lovely corian topped island and top spec large glass sliding doors, leading to a south east facing modern garden with a stunning 80 year old olive tree. The 1st floor includes a reception / bedroom with a beautiful contemporary gas fire and patio doors leading to a balcony overlooking Richmond park. The property further benefits from excellent storage, including a large loft and a separate double garage.
Located between Richmond town centre and the world-famous Richmond Park, Richmond Hill is a small community with a beautiful village at its heart. Featuring a variety of homes from large period properties to an eclectic mix of conversion and purpose-built apartments, the village 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, St. Elizabeths, Kings House, Old Vicarage and Marshgate Primary. Additionally, Thomass College is set to open in September 2025 as a co-educational secondary school in Richmond, further enhancing the areas educational offerings
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 large Waitrose supermarket.
Richmond Train Station provides convenient transport links to and from London, with access via the District Line, South Western Railway (20mins to London Waterloo) and the London Overground. Richmond is also conveniently placed for Heathrow & Gatwick airports.
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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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