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£1,395,000
Bedrooms
Bathrooms
A beautifully presented three-bedroom, two-bathroom conversion apartment set within a stunning period building located in one of Richmonds most desirable locations at the top of Kings Road.
This bright and light apartment benefits from its own front door, spacious entrance hall, a spacious living/dining room with feature fireplace and lovely bay window and separate kitchen leading to the communal garden. There is a large principal bedroom with storage and en-suite shower room. There are two further double bedrooms and further bathroom.
The property further benefits from direct access to a well-maintained communal garden and off-street parking for one car which is gated. The property further benefits from a share-of-freehold.
Kings Road is located on Richmond Hill within reach of the vibrant and excellent facilities of the shops and cafes of Friars Stile Road and the famous Turners view. Richmond town centre including the station which offers fast links into Central London via both the underground and overland trains is 0.7miles.
Schools in the area include St. Elizabeths Catholic Primary School, Kings House School, Old Vicarage School, Marshgate Primary School and The Vineyard School.
Nearby places of interest include the 2,500 acres of royal parkland at Richmond Park, Ham House Kew Gardens.
Local transport links include numerous bus routes to surrounding areas, plus fast and frequent trains to Central London via both South West Trains (Waterloo 19 minutes) and London Undergrounds District Line (West End 38 minutes) and is well placed for the A316/M3, M4 and M25 giving access to the airports at Heathrow and Gatwick, as well as the south coast and the west country.
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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