3 bedroom town house for sale

£3,250,000

3

Bedrooms

3

Bathrooms

Floorplan

A unique interior designed newly built three-bedroom, three-bathroom townhouse located within a privately gated, riverside development with a private car parking space. The townhouse is arranged over four floors, boasting three fabulous balconies at three different levels each one overlooking the River Thames. The property benefits from a bespoke, high gloss macassar kitchen with fully integrated Miele appliances, including wine cooler and a Crestron Home Automation System that controls the lighting, heating/air con and TVs throughout the property. This wonderful home is full of light and outstanding entertaining spaces. The ground floor is arranged with the family in mind with its large eat-in kitchen/breakfast room with views over the River Thames, utility area and cloakroom. Following the staircase to the 1st floor and you will be greeted with a dual aspect reception area which is divided into the dining room and lounge area with direct access to one of the river view terraces via the bi-folding doors. The staircase extends up to the three bedrooms with two on the second floor and one with its own en suite, as well as a family bathroom. The master bedroom suite is located on the entire top floor and is arranged with a dressing room and en suite bathroom. The terrace for the bedroom is accessed by bi-folding doors giving the master bedroom an ever-changing panoramic view. With its riverside location, Palace Wharf is also conveniently close to several transport links including Hammersmith, Barons Court, Putney Bridge, and Fulham Broadway Underground Stations, along with several regular and varied bus services which further improve accessibility. Palace Wharf was built in 1907, replacing a malt house. An extension facing Rainville Road was added in 1933. For many years the wharf was the Rathbone Works of fibrous plaster firm, George Jackson & Sons, founded in Rathbone Place off Oxford St. EPC rating B. Council tax rating H.

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

£ 2822700

Mortgage Loan to Value

%

Gross Yield

%

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
    £ 81250
  • 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

£ 385200
  • 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

Adjust these figures

  %

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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