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£1,775,000
Bedrooms
Bathrooms
A smart, modern and well-appointed family house that forms part of the Prestigious Richmond Bridge Estate. As the name suggests, the house enjoys an enviable position close to the River Thames and very conveniently placed for Richmond town centre, transport and Deer Park Primary School.
Arranged over three floors, the accommodation is well laid out and all the rooms are well proportioned and light. The first floor offers the option of using the rear room as living room or bedroom, depending on individual needs/preferences. The integral garage with parking space in front is quite an unusual asset for the area and only really available with these houses.
Situation
Cambridge Road is adjacent to the River Thames, just on the other side of Richmond Bridge. This house is part of the Richmond Bridge Estate; a landmark development of houses and apartments with a multitude of features including secure underground visitors parking, 24hr concierge and security service, residents gym and lovely communal gardens.
Richmond town centre offers extensive and sophisticated shopping, dining and entertainment options. Many mainstream and independent retailers occupy the high street and pretty lanes that run between George Street and Richmond Green. Richmond station provides fast direct services to London Waterloo, plus District Line Underground and London Overground services. The banks of the River Thames are within just a couple of hundred metres from Cambridge Road, providing endless riverside walks and boat trips towards central London and Hampton Court.
Property Ref Number:
HAM-9478Map 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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