Staines-upon-Thames: Two and Three Bedroom Apartments Above the Club

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About this property

The address is Fairfield Avenue in Staines-upon-Thames, Surrey, TW18. The station is a five minute walk and London Waterloo is thirty four minutes by train; Heathrow is a nine minute drive and the M3, M4 and M25 all meet nearby. The River Thames is within walking distance, as are the town's high street and two shopping centres. The development itself is six individually designed buildings arranged around a landscaped central courtyard with a water feature at its heart. What is left in this building is the larger stock, two and three bedroom apartments on the upper floors. The two bedroom plan is 75 square metres on the thirteenth floor facing south west, and the three bedroom is 95 square metres on the fifth with a balcony and a dual aspect to the north east and north west. Being high in the building is the point here: these are the plans that look out over the courtyard and the countryside rather than into them. The residents' club is on the ground floor of this same building, so the gym, the cinema room and the concierge are a lift ride away rather than a walk across the courtyard. The residents' club sits on the ground floor of one of the buildings and is shared across the whole development. It holds a twenty four hour concierge, a co-working space with a tea and coffee station, a meeting room, a private cinema room and a gymnasium of 2,300 square feet with free weights and a separate spin studio. The estimated service charge runs from 4.33 to 4.85 pounds per square foot a year depending on the apartment. Parking is not included in the price: a right to park space is 22,500 pounds with a further 290 pounds a year on top. The buildings are finished and the apartments are ready to occupy, so this is a purchase you can walk through before contracts and let the month you complete. Tenure is a 999 year lease with a peppercorn ground rent. Purchase is a 2,000 pound reservation, a twenty percent deposit within twenty eight days and eighty percent on legal completion. Two things to weigh. The twenty percent deposit is double the ten percent that off plan schemes ask for, so more cash is committed earlier. And parking is a separate 22,500 pound purchase rather than something that comes with the flat, which needs to go into the yield calculation rather than be discovered later.

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