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£250,000

Kingston Hill, Kingston Upon Thames, KT2

  • 1 bed
Flat
Under offer/SSTC

£250,000

  • 1 bed
Flat
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Estimate monthly mortgage payment:

£1,141 per month

Minimum deposit amount:

£12,500
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This lower ground floor flat offers over 600 sqft of well-utilised internal space, designed for straightforward, low-maintenance living. The property benefits from its own private entrance and is part of a private development on Kingston Hill, conveniently located within a 5�10 minute walk of Norbiton Station and Richmond Park. Internally, the layout comprises an open plan reception and kitchen area, a separate bedroom, and a bathroom. The open plan living space is arranged to maximise flexibility for dining and relaxation, while the bedroom and bathroom are set apart for privacy. Included with the flat are the deeds to Garage 14. Currently, the original garage has been demolished, and the management company is considering options for replacement garages. In addition, the property is eligible for a resident parking permit, providing further parking options alongside the garage space. A burst mains water pipe from Thames Water previously caused ingress and damage to the property. All remedial works were fully covered by Thames Water and have not affected the building insurance or management company costs. The flat was subsequently refurbished in 2023, with updates including new electrics, a new entrance door, and replacement of much of the original interior. All works were professionally completed as part of the damage, and the property now features modern fixtures and fittings throughout. The flat is currently let at �1,500 per calendar month (�18,000 per annum). The property can be sold with vacant possession or, for buy-to-let investors, the current tenants are happy to remain. Net yield after service charge: Gross annual rent: �18,000 Less service charge: �1,613 Net annual income: �16,387 Net yield (based on �275,000 sale price): 5.96% The flat is offered with no onward chain and comes with a share of freehold, as well as a lease of over 900 years. Residents have access to a small communal garden within the grounds, providing a private outdoor area for relaxation. Key Features: Over 600 sqft of internal space Private entrance Open plan reception/kitchen, separate bedroom, and bathroom Deeds to a garage (currently demolished; options for replacement under review) Permit parking available Refurbished in 2023 (following Thames Water-covered incident; new electrics, door, interiors) No onward chain Share of Freehold, 900+ years remaining on lease Access to communal garden Private development 5�10 minute walk to Norbiton Station and Richmond Park Service charge: �1,613 per annum Ground rent: �0 Currently rented at �1,500 pcm (�18,000 pa), with option for vacant possession or continued tenancy Net yield after service charge: 5.96% This property provides a practical and well-located base with flexible parking solutions and modernised interiors following a recent, fully documented refurbishment. The flat�s history, including the water ingress and subsequent updates, is transparently recorded, with all works completed under professional supervision and cover.

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