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£1,975,000
Bedrooms
Bathrooms
Built by Manning and Partners in 1968 to 1969, this row of terraced houses at 5-17 Portland Terrace received considerable praise when completed; mainly down to their then-ground-breaking design. The development received a Civic Trust Award and the Ministry of Housing and Local Government award for good design.
Today, some five decades after they were built, these houses are still the most modern houses on The Green and represent excellent family homes in one of the finest locations in Richmond.
The accommodation is arranged over three floors and comprises three bedrooms, two bathrooms, study, large reception room, dining room, kitchen and separate utility room. Parts of the house have been modernised recently with the addition of new windows in most rooms and a recently re-fitted en-suite shower room, but the house would now benefit from more comprehensive modernisation at this stage and offers potential to extend as others in the terrace have done (subject to obtaining the appropriate consents'). Due to the position of this house on the terrace, it offers lovely views directly over The Green and along Pembroke Villas from the living room and balcony. There are two gardens; the rear garden is part paved and well stocked with plants and shrubs and also provides access to the garage and parking space. The front garden is entirely private and an oasis of greenery; it has a very sunny aspect and features an electrically operated sun awning.
This particular house comes with a garage and separate parking space, both set behind the newly gated private access way for residents only.
Situation
The house is located on Richmond historic Green and only few hundred metres away from Richmonds elegant town centre as well as the most beautiful part of the River Thames. Once used for jousting in the time of Henry VIII, The Green is steeped in history and on the west side the remnants of Richmond Palace can be seen.
Many boutiques and cafes populate the nearby street and lanes, along with a collection of mainstream retailers. Kew Gardens and Richmond Park, with its 2500 acres of stunning deer inhabited parkland, are also both around a mile away. Richmond station provides a fast and direct service into London Waterloo, plus District Line Underground and London Overground services. The A316 is close by and becomes the M3 after five miles, allowing a fast transfer to the M25 or continuation to the west. The opposite direction takes you directly into central London, with Hyde Park Corner being just over eight miles away.
Property Ref Number:
HAM-5229Your 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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