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£995,000
Bedrooms
Bathrooms
Forming part of an exclusive lift served riverside development on the banks of the River Thames within easy reach of Teddington High Street shops, bus services and station, a substantial 3/4 bedroom 3 bathroom upper ground floor apartment of over 2000 sq ft. Features include gas central heating, double glazing, security entryphone, spacious hall, reception room with doors to balcony, contemporary style open plan kitchen/dining area, main bedroom with en suite accessible wet room, two further double bedrooms, refurbished shower room, family bathroom, spiral staircase down to Home Office/Bedroom 4 with independent entrance and double garage. Visitors parking. Communal gardens OUTSIDE:DOUBLE GARAGE with power and light.CONCIERGE OFFICE PLUS RESIDENTS GYM, VISITORS PARKING AREA, COMMUNAL GARDENSLEASE:974 years plus share of freehold.MAINTENANCE CHARGE: 633.33 pm - payable every 6 monthsN.B. Under the terms of the Estate Agents Act we have an obligation to advise all parties that a member of staff of Tredinnick & Bower has a personal interest in the sale of this property.
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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