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£1,195,000
Bedrooms
Bathrooms
A stunning two double bedroom flat situated on the 4th floor (with lift) of Artillery Mansions, Victoria Street, SW1. Close to St Jamess Park Underground with Westminster Underground and Victoria Station also within easy reach. The flat has been owner occupied and presents in immaculate condition. The accommodation comprises two double bedrooms, a spacious reception room with built in bookshelves and a wall mounted artificial fireplace. The private balcony has room for a table and seating for two. There is a well-equipped separate kitchen. The master bedroom has built-in storage and en-suite bathroom. The second bedroom has a fitted wardrobe and there is a further family bathroom.
Artillery Mansions is a wonderful gated Victorian development set back from Victoria Street and benefits from 24-hour concierge and secure underground parking. As you walk through the interior courtyard with plants and a fountain, you enter a second courtyard which is tranquil as there is little noise from traffic and pedestrians. Here you find a second water feature and an outside area with plants and a bench.Victoria Station offers superb transport links and includes, Gatwick Express, Circle, District and Victoria lines as well as Southern and South Eastern mainline services. There are numerous shops, bars and restaurants all within easy reach. St. Jamess Park, Buckingham Palace, the House of Parliament and Cardinal Place shopping centre are all a short walk away.
Service charge - 9,662
Ground rent - 150 per annum
Tenure Leasehold 999 years from 01/01/2000
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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