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£1,695,000
Bedrooms
Bathrooms
An exciting opportunity has arisen to purchase this wonderful Victorian semi-detached house that has been in the same family for six decades. In need of modernisation throughout, it offers superb scope to extend at the rear, subject to planning.
Located within a few minutes walk of St Margarets Village and the River Thames, this impressive property provides just over 2500 square foot of living accommodation over three principal floors, with the addition of a large cellar.
The house is set back from the road, with a deep frontage, and has a single garage and space to park several cars. Alternatively you could reinstate a formal garden and less parking. To the rear of the property is a wonderful wide and deep garden, which is laid to lawn and has the benefit of side access.
Internally the property has immense charm and has retained a wealth of original period features, to include highly ornate plaster ceilings, sash windows, feature fireplaces and an elegant winding balustrade to the staircase with mahogany handrail. Most rooms offer very good proportions, with high ceilings and large windows, providing a very light and airy feel throughout. Of particular note are the adjoining drawing and dining rooms, providing a combined length of 32 with aspects to the front and rear.
Although the property requires updating, it doesnt take much imagination to see that this could be transformed into the glorious family home it once was. The current owners have already invested substantial funds by recently replacing the entire roof, overhauling the drainage system, replacing some windows and improving decor.
Scope exists to extend the property to the rear, as the neighbouring property has done, and to reconfigure the top floor to provide additional bedroom and bathroom space.
The Avenue is one of St Margarets most prestigious addresses and is located within a few minutes walk of St Margarets village centre and station, which provides a regular service to London Waterloo. There are also a great selection of small independent shops, restaurants and pubs and numerous cafes with outdoor seating, giving the area a very distinctive cosmopolitan feel. The River Thames is within a 5 minute walk of the property, with pleasant walks across Richmond Lock to The Old Deer Park, Richmond town centre and Old Isleworth. For the motorist, the A316 provides access to Central London and to the M3 / M25 motorways.
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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