2 Bed Flat For Sale Chichester Road, London, W2

£525,000- Flat

1 of 12
  • Description
  • Floor Plan
  • Street View
  • Maps
Last Updated: 29th June 2024

Description

Recently modernised two double bedroom apartment set within a well maintained ex-local authority development ideally located close to both Paddington and the desirable area of Little Venice. Accessed from the lower ground floor, the property is arranged over approx. 745 square foot and comprises of an entrance hallway, large L Shaped kitchen, two double bedrooms, a living room and bathroom. Benefits include a newly fitted kitchen, bathroom and flooring throughout. Outside to the rear is a large private garden. No chain.

Local Authority: Westminster
Length of lease: 83 years remaining; as part of the sale the vendor would be willing to serve the initial Section 42 notice to the freeholder and reassign to the new purchaser upon completion. The estimated cost for renewing the lease is between £6k-£8k plus legal costs. However with the recent Leasehold Reform bill, it may actually be better to renew (if you preferred) once the law comes into place (estimated 2025-2028).
Service Charge: £3363 per annum
Ground Rent: £10 per annum fixed
Agent Details
Intra Capital Estates
Paddington Works, 8 Hermitage Street, London, W2 1BE

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this 2 bedroom property. See more properties like this.

£475,000
London, W2
Flat
9.2
£475,000
London, W2
Flat
9.2
£575,000
London, W9
Apartment
9.1
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested