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TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£466,200 8.5% 61.8% 7 months
Assigned
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Additional Info

DRAWDOWN DATE : 19/09/2014
REDEMPTION DATE : 18/08/2015
FULL TERM OF THE LOAN : 11 months
INVESTMENT PERIOD : 7 months
CURRENT PROPERTY VALUE: £1,680,000
SECURITY : 1) 1st charge; 2) 2nd charge; 3) 2nd charge
PROPERTY TYPE : 1) Residential; 2) Residential; 3) Residential
TENURE: 1) Freehold; 2) Leasehold; 3) Leasehold

1st property

The property is the left sided building of two semi-detached houses constructed between 1935 and 1945 in a Tudor style. The roof is of traditional pitched construction under concrete tiles with uPVC guttering and a mixture of uPVC and cast iron downpipes. The elevations are half brick and half painted stucco with timber beams to mimic the Tudor style.

The house is constructed of cavity brick walls under a pitched and hipped end tiled roof with timber framed and leaded glass windows to the front and a replacement modern front door and partial double glazed uPVC windows and patio doors to the rear ground floor elevation.

The property has side access from the front of the house to the rear garden, this can be accessed by a car.

The property is located on the west side of Latchmere Lane which is located between Tudor Drive (south) and Church Road (north). This is an established and desirable residential area known as North Kingston. Local shops are some 500m to the south in Tudor Road and further shops can be found in Richmond Road some 1.0mile to the west. The area is served by local buses.

The property is also located close to Ham Common and Richmond Park making it a desirable location. The area is served by Kingston Railway station providing services to London Waterloo station.

 

2nd and 3rd properties

Both properties are a one bedroom flats in the City of Westminster NW1. Apart from the bedroom, they comprise of a reception room, a kitchen and one bathroom.

The vast majority of the properties in the area are residential, including apartments and maisonettes. It is also in very close proximity to a variety of useful amenities.