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£1,295,000
Bedrooms
Bathrooms
A beautifully refurbished two-bedroom, two-bathroom ground floor apartment in Blanchard House, part of the prestigious Richmond Bridge Development. This apartment boasts a bright and spacious open plan living area and a separate kitchen/breakfast room with plenty of storage and preparation space. There are two very good-sized bedrooms (one with an ensuite bathroom) and both with built-in wardrobes. Completing the accommodation is a very useful utility room and the family bathroom. This charming property further benefits from access to the immaculate communal gardens, secure underground parking with direct lift access, 24 hour concierge and security as well as two private gyms.
Situation
The Richmond Bridge Estate is a landmark gated development of luxury apartments with underground parking, concierge service, residents gyms and beautiful gardens. The development is located on the River Thames, just on the other side of Richmond Bridge and this particular apartment has views of the river and across the smart gardens and fountain.
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.
Property Ref Number:
HAM-56290Your 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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