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33rd Floor,, London, E14 5LQ
£2,250,000
Bedrooms
Bathrooms
Reception
This extra large and luxurious three bedroom three bathroom penthouse apartment is set in the prestigious Paddington Exchange development- attentively designed to reproduce urban sophistication, and built for contemporary accommodation.
The flat includes spacious reception room with open plan fitted kitchen and access onto the private large terrace, three bedrooms(two en-suite and one family bathroom) with fitted wardrobes, utility room and storage.
The property is 1188 sq. feet large.
All the bedrroms have their own access onto the garden facing balconies.
The apartment is designer furnished, offering wood flooring throughout and floor-to-ceiling windows.
Please be advised that the flat comes with a CAR PARKING SPACE and a large storage locker available for rent.
The residents benefit from a 24 hour concierge desk service, Art Deco style lobby, as well as the brilliant location to variety of shops, restaurants and bars.
This is Zone 1 living at its best, in the heart of one of the most well-connected areas in London. With an extensive over-ground and underground rail network, Paddington Exchange is ideally situated for daily commuting.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
33rd Floor,, London, E14 5LQ
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