WARDENBY

For sale · Apartment

Two-bed apartment in Riverside Quarter

Riverside Quarter, Riverside

Asking price £285,000

  • 2 bedrooms
  • 2 bathrooms
  • 1 reception
  • 760 sq ft

Viewings seven days a week, shown by the person who valued this home.

Tenure
Leasehold, 990 years remaining
Service charge
£1,480 a year
Ground rent
None (peppercorn)
Council tax
Band C
EPC
B (84)

About this home

Riverside Quarter was completed in 2020 on the site of the old maltings, between the river path and Station Road. The apartment is on the third floor, facing east over the gardens, and it has been let to one tenant since it was new; they leave in the spring.

The front door opens into a hall with storage, then into an open living room and kitchen with full-height windows and a Juliet balcony. The principal bedroom has an en suite shower room; the second bedroom is a good double, next to the main shower room.

The building has a lift, a residents’ garden, a secure bike store, and one allocated space in the gated car park. The service charge is £1,480 a year and the ground rent is a peppercorn.

It suits a first-time buyer or an investor: at the current rent the gross yield is just over 5%.

Key features

  • Third floor, lift access
  • Principal bedroom with en suite
  • Juliet balcony from the living room
  • Allocated parking and bike store
  • Eight minutes' walk to the station

Your monthly repayment and Stamp Duty

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Monthly repayment

£1,426

Mortgage
£256,500
Deposit
£28,500
Stamp Duty (estimate)
£4,250
Needed up front
£32,750

Estimates only. Repayment on a capital-and-interest mortgage; Stamp Duty from HMRC bands for England and Northern Ireland from 1 April 2025. Excludes legal and survey fees. Not financial advice.

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