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£310,000 Guide Price
Bedrooms
Bathrooms
This spacious and well-presented split-level apartment offers a fantastic opportunity for buyers looking for a property with NO ONWARD CHAIN.
Boasting approximately 696 sq. ft. of living space, the apartment features two double bedrooms, a sizeable kitchen, a bright and airy reception room and a family bathroom with WC.
The secure entry system provides added peace of mind, while the property benefits from a share of freehold and long lease of approximately 941 years, communal gardens, ample on street parking and garage in block.
Sited moments away from excellent nearby transport links such as Hounslow West Underground Station; connecting commuters to The City as well as local bus links providing transport to neighbouring towns and Heathrow Airport. For motorists the A4/M4 can be found within close proximity. Reputable schools such as Beavers Community Primary School, Hounslow Heath Infant and Nursery, Cranford Community College & St Marks Catholic School can be found within the catchment area.
Lease - Share of Freehold
941 years remaining
Service Charge - 125.00 per month
Ground Rent - 10.00 per annum
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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