3 bedroom penthouse for sale

£13,950,000

3

Bedrooms

5

Bathrooms

Floorplan

An exceptional 3-5 bedroom lateral penthouse apartment (sixth floor) situated within a prestigious gated and portered landmark building.

The apartment comprises 431.61 sq m/4,646 sq ft in addition to 143.07 sq m/1,540 sq ft of private terraces and includes secure off-street parking for 3 vehicles.

Former Harley House residents include:
Sir Thomas Beecham - Conductor
Jackie Collins - Novelist
Dame Joan Collins - Actress
Joe Collins - Impresario
Lady Hoare - Wife to HM Ambassador to India
Sir Mick Jagger - Musician
Norrie Parramore - Record producer
Lew Prager - Band leader
Sir Bodley Scott - Orthopaedic surgeon to Her Majesty Queen Elizabeth II

Harley House was designed by Edward Boehmer and Percy Christian Gibbs and was completed in 1904.

It is today, one of the last grand residential landmark buildings that crowned the Edwardian era of splendour in London.

The principal bedroom suite encompasses a significant area of the penthouse incorporating two strikingly elegant ensuite bathrooms, a powder room, mirrored dressing area and a separate dressing room with extensive wardrobe space.

The larger of two en-suites has a bath with Tile Vision TV, a shower and is finished in a classical marbled stone throughout. The second en-suite features a walkin steam room shower with multiple water jets.

Regents Park is Londons second largest expanse of Royal parkland and former hunting grounds. The park is home to London Zoo, Queen Marys Gardens, an open air theatre, beautiful lakes and waterways - including Regents Canal. This vast Grade I Listed oasis of tranquil green space lies within a few minutes walk of Harley House.

The penthouse has extensive terracing, two of which are south facing with aspects across the West End roof tops and towards Battersea Power Station and the London Eye. The two north facing and the main terrace offer predominantly west facing views toward Regents Park.

Harley House is well placed for access to Londons tube and rail network with Regents Park Station little over a 5 minute walk - providing a one stop, 2 minute hop to Oxford Circus and the Central Line, Baker Street and Great Portland Street also within close proximity.

For travelling further afield, Euston, Marylebone and Paddington mainline are all near by - with Paddington operating both Heathrow Express and Elizabeth Line services to London Heathrow in around 30 minutes.


Amenities:
Extensive Wrap-Around Terracing 143.07 sq m/1,540 sq ft
Prestigious Gated Development
3 Allocated Parking Spaces
Guest Parking
24 Hour Porterage & Security with dedicated Porters Lodge
Entry Phone System
Lift & Stairwell Access



Features
  • Freehold

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £60,329.13

Total Interest: £7,768,485.97

Overall Total: £21,718,485.97

Amortization For Monthly Payment: £60,329.13 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£442,292.87 £281,656.66 £13,668,343.34 
2026£433,146.49 £290,803.05 £13,377,540.29 
2027£423,703.08 £300,246.45 £13,077,293.84 
2028£413,953.02 £309,996.51 £12,767,297.33 
2029£403,886.34 £320,063.19 £12,447,234.14 
2030£393,492.76 £330,456.77 £12,116,777.37 
2031£382,761.66 £341,187.87 £11,775,589.49 
2032£371,682.09 £352,267.45 £11,423,322.05 
2033£360,242.72 £363,706.81 £11,059,615.23 
2034£348,431.87 £375,517.66 £10,684,097.57 
2035£336,237.49 £387,712.04 £10,296,385.53 
2036£323,647.11 £400,302.42 £9,896,083.11 
2037£310,647.88 £413,301.65 £9,482,781.46 
2038£297,226.51 £426,723.02 £9,056,058.44 
2039£283,369.31 £440,580.22 £8,615,478.22 
2040£269,062.12 £454,887.42 £8,160,590.80 
2041£254,290.32 £469,659.22 £7,690,931.59 
2042£239,038.82 £484,910.71 £7,206,020.88 
2043£223,292.06 £500,657.47 £6,705,363.41 
2044£207,033.95 £516,915.59 £6,188,447.82 
2045£190,247.87 £533,701.66 £5,654,746.16 
2046£172,916.69 £551,032.84 £5,103,713.32 
2047£155,022.71 £568,926.82 £4,534,786.50 
2048£136,547.65 £587,401.88 £3,947,384.62 
2049£117,472.64 £606,476.90 £3,340,907.72 
2050£97,778.19 £626,171.34 £2,714,736.38 
2051£77,444.20 £646,505.33 £2,068,231.05 
2052£56,449.89 £667,499.65 £1,400,731.40 
2053£34,773.82 £689,175.72 £711,555.68 
2054£12,393.85 £711,555.68 £0.00 

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 12,399,200

Mortgage Loan to Value

89%

Gross Yield

12%

Annual ROI

30%

Annual Rental Profit

£ 726,928

Cumulative Rental Profit

£ 7,269,280

Cost of Purchase

£ 1,936,700
  • Stamp Duty
    £ 1,585,250

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 348,750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 947,072
  • Mortgage Interest
    £ 557,964

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £ 220,968
  • Letting Fee
    £ 240
  • Maintenance
    £ 167,400
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£ 14,105,660
  • Final Equity Profit
    £ 6,836,380

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £ 7,269,280

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£ 22,723,080

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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