3 bedroom terraced for sale

£2,500,000 Offers in excess of

3

Bedrooms

2

Bathrooms

Floorplan

Artists Julian Trevelyan and his wife Mary Fedden lived in Durham Wharf next door to what is now St Peters Wharf. Julian owned the land there, and towards the end of the 1960s had the idea of developing a group of houses for artists, designers and architects. Michael Pattrick, then head of the Architectural Association School was an old friend and became the architect for Julians scheme. In her biography of Julian and Mary, Jos Manser describes the principal four-storey buildings as spacious in concept, each having a large studio and ample living accommodation; Pattrick also included a single studio and a small one-storey flat. These were all set around a communal garden beside the river. In 1974, Julian set up the Trevelyan Arts Trust, which sold the properties on long leases to artists such as Hugh Cronyn and Evelyn Gibbs, who lived there with her husband Hugh Willett, then Director of the Arts Council. St Peters Wharf was built as live / work spaces for artists and that concept continues to this day. The Trust considers potential new members on a case-by-case basis, and will be open-minded and treat each applicant on their merits. Confirmed working artist categories: Painting, Sculpture, Print Making, Graphic Design, Product Design, Ceramic Design, Design for Theatre Television or Film, Fashion Design, Textile Design, Architecture, Landscape Architecture and Interior Design. The property has recently been extensively renovated to a very high standard and the lease extended to over 140 years, providing a stunning live / work environment overlooking the River Thames. Council tax G. EPC rating D.



Features
  • Freehold

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 2151450

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 62500
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 276450
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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