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3 Odeon Parade, Rickmansworth, Hertfordshire
£2,500,000 Offers in excess of
Bedrooms
Bathrooms
Troutstream Hall
A freehold site of circa 0.75 acres. With historic planning permission which has lapsed for two detached 5-bedroom 4-bathroom houses (Plot 1- 4,351 sq ft, plot 2- 4,999 sq ft).
Troutstream Hall is a McNamara style house bespoke built in the 1930s. It was run as a care home for many years and returned to private ownership in 2018.
It is situated in the private gated Loudwater estate. The current house is the only house on the Loudwater Estate to have the benefit of a covenant that the land can be subdivided to contain two private detached dwellings, which can either re-developed to part retaining the main house and the ability to create a new dwelling to the side of the house, with its own access, or knocked down to create two new houses STPP.
The current house is circa 10,000 sq/ft. It has been updated and improved by the current owner. The property could be developed further STPP. The property now benefits from two accesss if the buyer wants to re-apply for planning permission. The current owners are applying for planning permission for 2 dwelling scheme consisting of the retain main house circa 7500 sq dt and new 5 bed detached dwelling circa 4000 sq ft which can be provided on request.
The existing building has a restrictive covenant preventing it from being used as a care home or any other commercial use and flats.
Location
Troutstream Hall is located close to Junction 18 for the M25, a short distance away. The site enjoys a semi rural setting about 1.5 miles from Rickmansworth town centre which offers a good selection of shops, restaurants, and leisure facilities. Wider amenities are available in Watford approximately 6 miles away. Rickmansworth station offers a fast commuter service to London Marylebone (26mins) as well as the Metropolitan tube line to central London. The site is within the Loudwater Estate Conservation area.
Planning
Local planning authority; Three Rivers District Council.
Website
Viewing by appointment only
Map location is not available for this property.
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.
3 Odeon Parade, Rickmansworth, Hertfordshire
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