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£18,625,000
Bedrooms
Bathrooms
Detached Victorian villa for sale with a circa 4% gross rental yield and presented in outstanding, turn-key condition. GIA 8,313 sq. ft. / 772 sq. m.
The beautiful Victorian villa is presented in excellent order, with a gated, landscaped entrance leading to the impressive front steps to the building. There is also a separate ramped approach for step-free, lift access to the upper floors. All the flats come with RBKC parking permits and also have access (subject to application) to the prestigious, Pembridge Square Private Communal Gardens.
The three upper flats on the first, second and third floors all benefit from direct lift access, three bedrooms, two bathrooms and a separate kitchen. The third floor Flat 5, has large west facing roof terrace and a additional 500 ft2 space that can be configured in a multitude of different ways whether as bedrooms or living space. The two substantial raised and lower ground floor maisonettes have three-bedroom, two bathrooms and courtyard gardens.
The building is within five minutes walk of Westbourne Grove, Notting Hill Gate (Circle & District Lines, Central Line), many fantastic schools including Pembridge Hall, one Londons most prestigious private schools and therefore it is a highly desirable location for prospective tenants.
The five luxury flats range from 3.375m to 4.75m each, with estimated Total Annual rental return of 694,800.
Flat 1: 12,000 PCM
Flat 2: 12,000 PCM
Flat 3: 9,450 PCM
Flat 4: 9,450 PCM
Flat 5: 15,000 PCM
This building will fall outside of the incoming Renters Rights Bill (as all the five units are over 8,000 PCM). It is also the sole asset held in a newly formed UK Ltd. SPV Company, for which all the shares can be purchased, to benefit the buyer with a significant stamp duty saving.
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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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