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£11,500,000 Guide Price
Bedrooms
Bathrooms
A very rare opportunity to acquire an exceptional Grade II Listed residence (874.19 sq m/9,410 sq ft) situated in the heart of Marylebone featuring both a private garden, interconnecting mews property and garaging.
This historic home provides extensive and versatile accommodation featuring a wonderful blend of formal entertaining rooms along with more informal leisure space and whilst lovingly maintained, the property has extraordinary potential for a discerning purchaser wishing to create a multigenerational family home.
The property should be inspected in order to be fully appreciated but stand out features include a grand Portland stone cantilevered staircase, an antique pine panelled dining room with 3.2 metres ceiling height, two beautiful interconnecting first floor drawing rooms and an indulgent principal suite occupying the entire second floor of the property.
Wimpole Street is superbly located for the world class amenities of both Marylebone and the West End whilst Regents Park is only 0.6 miles to the north.
AN ILLUSTRIOUS HISTORY
This house served as the London residence of Richard Howard, 4th Earl of Effingham, Private Secretary to Queen Charlotte, wife of King George III, both made famous by the Netflix TV series Bridgerton with actress Golda Rosheuvel playing Queen Charlotte and actor Hugh Sachs as the Queens Private Secretary. In 1996 the current owners purchased the house and began a meticulous restoration programme, retaining the original Georgian architecture and adding a contemporary specification in order to create a spacious and modern London family home.
Amenities:
Courtyard Garden, Second Floor Balcony accessible from Principal Bathroom, Double Width Garage, Private Screening Room, Spa Room incorporating Sauna, Utility/Laundry Room, Boot Room, Well Room, 2 Large Vaults
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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