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632 Fulham Road, London
£1,200,000
Bedrooms
Bathrooms
This is a gorgeous apartment on the 4th floor (lift up to 3rd floor) of a period building opposite the iconic Harrods department store. The spacious reception room and separate kitchen make it an ideal layout for entertaining in style or relaxing in comfort. The large double bedroom has plenty of storage and there is wood flooring throughout. This is a fabulous London home for anyone. It is also a great rental investment with a proven track record and is held by a single asset BVI registered company.
The apartment is ideally located in the heart of Knightsbridge just opposite Harrods, one of Londons most iconic and exclusive department stores. Knightsbridge is one of the finest parts of London and has long been the favoured destination of the worlds elite. There are many of Londons finest boutiques, art galleries and hotels close by, as well as a variety of gorgeous places to eat from award-winning restaurants to cute cafes. It is also a premier destination for international business and is close to the West End and the City. For cultural outings, it is close to the Royal Albert Hall, the V & A and the Natural History Museum. The apartment is a short stroll from the wide open spaces of Hyde Park where you can relax and enjoy the summer, go cycling, horse riding or boating on the Serpentine. The apartment is also close to Imperial College and the area has always been an immensely popular location for Tenants looking for a secure apartment in a prime location.
Tenure: Leasehold
Lease length remaining: 137 years
Service charge: 7,030 p.a.
Ground Rent: 250 p.a.
Borough: Kensington & Chelsea
Council tax band: G
EPC rating: C
Map location is not available for this property.
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.
632 Fulham Road, London
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