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35 Ivor Place, Marylebone, London, NW1 6EA
£1,175,000
Bedrooms
Bathrooms
Reception
Cholmley Gardens is favoured block in West Hampstead. the flats were built between 1922 and 1929 , the communal gardens to the rear are very engaging for budding Tennis players, and the flats are usually spacious and homely. The Community in Cholmley Gardens are a mixed bunch from young families with their children to people who have been there for some considerable time. This particular flat is on the top floor (second floor and is undoubtedly one of the largest flats within the building , spanning 1759 Square feet (163.43 Sq feet.)
Four bedrooms ,20' reception room, spacious dining room a vast kitchen , the entrance hall is also surprisingly bright and spacious.
Access to the communal gardens are available from the fire exit via the kitchen or you can take a small walk to Fortune Green Road ( approximately three minutes from the flat.) Obviously depending on how quickly you walk.
This is a chance to buy a magnificent family flat in need of updating to restore it to its once former glory . priced to sell in this competitive market place.
New Home: Non New Home
Maximum Area (in sq ft) 1759 sq ft
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.
35 Ivor Place, Marylebone, London, NW1 6EA
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