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2Archer Street, London, W1D 7BD
£269,950 Guide Price
Bedrooms
Bathrooms
Reception
Kronos are delighted to present to the market this two bed ground floor apartment located in popular development close to Hayes town centre. The property briefly comprises of a large lounge, recently fitted kitchen, and bathroom. Benefits include gas central heating, communal gardens, double glazing and off road parking. The property has a 140+ year lease, so is Ideal for investors.
Entrance
Solid oak flooring, storage cupboard with plumbing for washing machine
Lounge/Dining Room
15 9' x 11 4'
Rear aspect double glazed window, radiator, door to:- kitchen
Kitchen
8 7' x 8 7'
Rear aspect double glazed window, single drainer stainless steel sink unit, range of eye and base level units in gloss white, wall mounted boiler, space for fridge freezer, integrated dish washer, built in oven and hob with extractor fan over
Bedroom One
12 8' x 9 1'
Front aspect double glazed window, real wood flooring
Bedroom Two
8 10 x 7
Front aspect double glazed window, radiator, real wood flooring
Bathroom
Low level WC, pedestal wash hand basin, part tiled walls, extractor fan, radiator, panel enclosed bath with mixer tap shower attachment
Communal Gardens
laid to lawn
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £1,167.44
Total Interest: £150,329.95
Overall Total: £420,279.95
Amortization For Monthly Payment: £1,167.44 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £8,558.92 | £5,450.41 | £264,499.59 |
| 2026 | £8,381.93 | £5,627.40 | £258,872.19 |
| 2027 | £8,199.19 | £5,810.15 | £253,062.04 |
| 2028 | £8,010.51 | £5,998.82 | £247,063.22 |
| 2029 | £7,815.71 | £6,193.62 | £240,869.60 |
| 2030 | £7,614.58 | £6,394.75 | £234,474.84 |
| 2031 | £7,406.92 | £6,602.41 | £227,872.43 |
| 2032 | £7,192.51 | £6,816.82 | £221,055.61 |
| 2033 | £6,971.15 | £7,038.18 | £214,017.43 |
| 2034 | £6,742.59 | £7,266.74 | £206,750.69 |
| 2035 | £6,506.62 | £7,502.71 | £199,247.98 |
| 2036 | £6,262.98 | £7,746.35 | £191,501.62 |
| 2037 | £6,011.43 | £7,997.91 | £183,503.72 |
| 2038 | £5,751.71 | £8,257.63 | £175,246.09 |
| 2039 | £5,483.55 | £8,525.78 | £166,720.31 |
| 2040 | £5,206.69 | £8,802.64 | £157,917.67 |
| 2041 | £4,920.84 | £9,088.50 | £148,829.17 |
| 2042 | £4,625.70 | £9,383.63 | £139,445.54 |
| 2043 | £4,320.98 | £9,688.35 | £129,757.19 |
| 2044 | £4,006.37 | £10,002.97 | £119,754.23 |
| 2045 | £3,681.53 | £10,327.80 | £109,426.43 |
| 2046 | £3,346.15 | £10,663.18 | £98,763.26 |
| 2047 | £2,999.88 | £11,009.45 | £87,753.81 |
| 2048 | £2,642.37 | £11,366.96 | £76,386.84 |
| 2049 | £2,273.24 | £11,736.09 | £64,650.76 |
| 2050 | £1,892.13 | £12,117.20 | £52,533.55 |
| 2051 | £1,498.64 | £12,510.69 | £40,022.87 |
| 2052 | £1,092.38 | £12,916.96 | £27,105.91 |
| 2053 | £672.92 | £13,336.41 | £13,769.50 |
| 2054 | £239.84 | £13,769.50 | £0.00 |
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.
2Archer Street, London, W1D 7BD
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Sat May 24 2025
All confirmed! We look forward to speaking with you.
Sat May 24 2025
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