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£350,000
Bedrooms
Bathrooms
A modernised duplex conversion flat situated within an attractive Victorian building near Ravenscourt Park. The property benefits from an attractive open plan kitchen/reception room with a large sash window to the rear allowing for lots of natural light, the kitchen comes complete with fitted appliances. On the second floor there is a generous double bedroom with lots of storage and a recently modernised bathroom suite.
The building also benefits from an entry phone system for access. The property is offered to the market with a share of the freehold and offers fantastic value for money in a popular location between Hammersmith and Chiswick.
King Street is positioned between Hammersmith and Chiswick and well located for the independent restaurants and boutiques of Chiswick High Road and within easy reach of the functional retail outlets that can be found on King Street itself. The green flag award winning Ravenscourt Park with its green space, excellent sports facilities and locally revered W6 Garden Centre & the Thames River Path are close by. There is easy access to central London via the A4, and via the M4 for Heathrow Airport. It is well connected with Ravenscourt Park station (District line) under half a mile away offering easy access in and out of the city.
Tenure: Share Of Freehold Lease Years Remaining: 989
Service Charge: 500 (Yearly)
Annual Ground Rent: 0
Council Tax Band: C
Information contained within this listing is for guidance only and should be checked and confirmed (prior to proceeding).
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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