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£2,500,000
Bedrooms
Bathrooms
A rare opportunity to acquire an imposing semi-detached family house, with off-street parking, on one of Chiswicks most sought-after residential streets. The property offers a development opportunity and Planning Permission has been granted for two side extensions, one that is two stories significantly widening the middle and front of the house and one that is single story significantly widening the kitchen. The rear garden is just under 40ft long, comfortably accommodating the construction of a summer house or home office and has a partially completed sunken seating area with fire pit.
The project might be eligible for reduced VAT on the building and renovation costs at 5%. This is subject to applicable government rules, regulations and approvals. The house is currently arranged over three floors and benefits from good natural light throughout and open views over gardens and the Hogarth Tennis Club to the rear.
Situation
Homefield Road is one of Chiswicks premier roads situated South off Chiswick High Road and is a moments walk to The Hogarth Club. Stamford Brook tube station (district line) is 0.3 miles walk away. The A4 for access into and out of London is 0.7 miles away which also leads onto the A316 and the M4. There are also an abundance of excellent schools nearby including: St. Peters Primary School, Ravenscourt Park Prep School, West London Free School, ArtsEd Day School & Sixth Form, Latymer Upper and Latymer Prep School.
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.
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