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1st Floor , Brunswick House, Regent Park, 297-299 Kingston Road, , Leatherhead
£290,000
Bedrooms
Bathrooms
This property in Castle Village is an impressive first floor fully refurbished apartment set within the heart of a spectacular Mansion House. The property enjoys views over communal gardens and is ideally placed for the mansion house facilities, Castle Village is exclusively for residents aged 55 and older, with admission subject to a village manager interview. The service charge includes extensive services including estate management, building maintenance, grounds care, insurance, communal area utilities, external maintenance, and window cleaning. It also covers one hour of weekly domestic cleaning which includes a weekly collection of all bed linen, which is cleaned ironed and returned to the property. Properties are equipped with emergency call systems, backed by 24/7 on-site health professionals, and a weekly on-site GP surgery for consultations and prescriptions, offering residents peace of mind and convenience.
Management Fee: 8,395 per annum
Council Tax: 2,223 per annum (Tax Band D)
Lease Length: 999 years
Owners of a Retirement Villages Lease are required to pay an assignment fee on re-sale of the property which is a maximum of 20% of the re-sale price of the property when it is re-sold.
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.
1st Floor , Brunswick House, Regent Park, 297-299 Kingston Road, , Leatherhead
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