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£2,495,000 Guide Price
Bedrooms
Bathrooms
Reception
This three-bedroom, three-bathroom apartment spreading over 1,778 sqft, is situated on the first floor (Lift) of this well maintained building on Kensington Church Street in W8. High Street Kensington and Kensington Gardens are just a walk away.
Wonderfully designed to modern high standards by the current owners the property offers a wonderful fluidity between the apartments rooms.
The main and spacious living area has a warm and social feel sharing the space between living area and dining area. The floor flooded with natural light from the three large sash windows and the bespoke joinery compliment the luxury finish found throughout the apartment.
An oversized pocket door divides the living room from the kitchen, retaining the communication between the two rooms, whilst concealing a clever antique mirrored bar area. A small balcony can be found just off the kitchen, which overlooks the interior courtyard. There is a built in kitchen breakfast counter and a host of integrated kitchen cupboards creating a modern minimalist look. Calcutta Marble worktops finish this bespoke stylish kitchen.
The warm natural hues of wooden floorboards add contrast to the crisp white paintwork of the interior walls and ceilings. Clever use is made of surfaces, which bounce the light and enhance the apartments considered linearity.
The principal bedroom has an abundance of beautifully fitted wardrobes, ensuite bathroom and west-facing windows providing natural light. The second of the double bedrooms is located adjacent to the reception room. It has bespoke fitted wardrobes and two sash windows. The final double bedroom suite also benefits from fitted wardrobes and the added bonus of an ensuite bathroom.
Chain Free and Newly Extended 175 Year Lease Upon Completion
Council Tax Band: H (Royal Borough of Kensington and Chelsea)
Tenure: Leasehold (175 years)
Ground Rent: 100 per year
Service Charge: 9,000 per year
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.
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