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£6,950,000
Bedrooms
Bathrooms
An immaculately presented Grade I listed house spanning over 4100 square feet on one of Regents Parks finest terraces. The house offers stunning original period features whilst having all of the services for modern living. Some of these services include air-conditioning throughout, a wireless sound system, and Gaggenau appliances in the kitchen. The house has unencumbered views of Regents Park from all front facing rooms in the property. There is a private terrace leading off the kitchen on the ground floor, as well as a long terrace on the 1st floor off the formal reception room.
The property consists of 4 generously sized bedrooms, all with en-suite marble bathrooms located mainly on the upper floors of the house. The master bedroom spans the entire 2nd floor, and has his & hers walk-in wardrobes. There is also space for a 5th bedroom on the LG floor which is currently being used as a TV room / gym. The house has ample living space, with a grand formal reception room occupying the entire 1st floor of the property, along with the dining room / kitchen on the ground floor of the property. The dining room and kitchen can be seperated by the double doors should this be your preference. The guest powder room / WC is located on the ground floor.
A private road serves Chester Place, and a private garden for the residents use, which runs the entire length of Chester Terrace, seperates it from the outer circle. Chester Place can be found on the eastern side of Regents Parks outer circle, between Cumberland Terrace and Chester Terrace. Regents Park itself offers a wide range of recreational facilities including the Zoological Gardens, the open air theatre, Queen Marys Gardens, the boating lake, and tennis courts. The nearest underground station is Great Portland Street which is approx. 5-10 minutes walk.
Parking is included for one car, with the option to purchase a permit for a second car from the Crown Estate. Three vaults are also included with the house, with direct access from the LG floor.
Tenure: Leasehold with 115 years remaining.
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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