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£25,000,000
Bedrooms
Bathrooms
A supremely elegant early Victorian Italianiate style Grade II Listed villa (759.74/8,178 sq ft) situated in the heart of Little Venice.
The stuccoed exterior boasts splendid Roman arches, portals and balustrades, with a tall tower offset to the left of the faade.
1 Park Place Villas was originally built in 1840 by Matthew Wyatt under the auspices of legendary architect John Nashs master plan for the Regents Canal which created Little Venice, a picturesque neighbourhood of magnificent Regents Park style villas bordering the canal.
This magnificent residence, formerly the home of Royal mistress Lillie Langtry where she entertained Bertie, the Prince of Wales (later King Edward VII), and more recently the home of Irish-American dancer Michael Flatley is offered for sale for the first time in 20 years and represents a rare opportunity to purchase arguably one of the finest homes in central London.
The house is offered for sale in excellent condition throughout and has been designed in a restrained yet expansive Classical style and boasts magnificent formal entertaining rooms, an indulgent principal bedroom suite overlooking The Regents Canal and a lower ground floor indoor swimming pool complex inspired both by classical Rome and the idyllic English country house.
This imposing villa is situated on a large 0.255 acre corner plot set back from the road and is approached through twin gates, with a pedestrian entrance between them. The property directly overlooks The Regents Canal and features a secluded wraparound garden, a large carriage drive and additional secure off-street parking together with an integral double garage.
Amenities:
Matured wraparound walled garden with two separate areas one incorporating Lillie Langtrys famous love-seat and a rear Terrace with steps leading to principal lawned garden
Carriage Drive
Secure Off-Street Parking for multiple vehicles approached from Maida Avenue
Double Width Integral Garage
Swimming Pool Complex with adjoining Gymnasium, Sauna, Shower Room and WC
3 Terraces
Balcony
Wine Cellar
Utility/Vault
Plant Room
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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