2 bedroom flat for sale

£525,000 Guide Price

2

Bedrooms

2

Bathrooms

Floorplan

Offered to the market is this striking two bedroom two bathroom apartment in the private, ever-popular Kings Mill Way spanning one thousand SQFT. This property offers a real turnkey experience offering convencies for commuters whilst being in close proximity to Uxbridge town centre whilst being a tucked away tranquil setting. This particular home offers views over the water and compromises of two bedrooms both with en-suite bathrooms, a separate cloakroom, a large open plan kitchen living area and a fantastic private outdoor terrace area for the summer months.

Property - This beautiful residence in the private, ever popular Kings Mill Way development really allows a lock up and go lifestyle. The property is situated on the second floor of The Old Mill building which has lift access to all floors. Upon entering the property you are welcomed by a large entrance hallway with ample storage and a separate cloakroom. The right hand side consists of a fantastic master bedroom spanning 16 ft by 15 ft and boasts the luxury of a dressing area with in built wardrobes along with an en-suite bathroom. The sizable second bedroom again has the luxury of an en-suite shower room both with views over the waterfront. The real wow factor is to the left hand side which is the large open plan Kitchen / living / dining area. The kitchen itself is well equipped with integrated appliances and an abundance of storage and worktop space throughout including under lighting. The living and dining area allows for versatile usage for a growing family or downsizers alike and has direct access via the bi-fold doors to the private terrace area making it a fantastic entertaining space all year round.

Outside - Kings Mill Way benefits from the onsite concierge daily which can be found just after the secure gates to enter the development. This particular property also benefits from one allocated parking space. Within the property you have a fantastically designed private terrace area. This is accessed just via the open plan kitchen via bi-fold doors leading onto the over 160 sqft terrace overlooking the waterfront and the considerable local wildlife. It boasts a large awning providing shade throughout the summer months whilst still allowing you to enjoy the terrace all year round.

Location - Kings Mill Way is conveniently situated just off the Oxford Road, a short walk from Uxbridge Town Centre with its multiple shopping facilities, restaurants, bars and the Metropolitan/Piccadilly line station. The A40/M40 and M25 are within easy reach, as are Hillingdon Hospital, Brunel University, Stockley Park, a well connected bus station and Heathrow. The area is served by a number of well-regarded primary and secondary schools including grammar schools in Buckinghamshire. There are pleasant country walks within close proximity including Denham Country Park and long walks along the Grand Union Canal which can be directly accessed from the development.



Features
  • Freehold

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

£ 435825

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 13125
  • 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

Adjust these figures

£

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

£ 42075
  • 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.

£

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

£

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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