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£2,600,000
Bedrooms
Bathrooms
A superb and very rare to the market, four bedroom maisonette. This elegant period property, in need of some modernisation and spanning approximately 1615 square feet, is perfectly situated in the heart of Little Venice. Positioned on Castellain Road, the apartment overlooks a large private garden to the rear and the highly sought-after Formosa Amenity communal garden beyond, to which the apartment has direct access.
With spectacularly high ceilings and abundant natural light throughout, the raised ground floor accommodation comprises a large reception room with French doors to a balcony with steps down to the garden. A useful study/bedroom is accessed off the reception. Further to this, a mezzanine has been created, offering extra working or sleeping space. A large country style kitchen with plentiful storage is situated to the front. A central staircase leads past a family bathroom on the half landing down to the lower floor. The garden level is made up of two large double bedrooms with access to a Jack and Jill bathroom, a further bedroom and a utility room. Two of the bedrooms offer further direct access to the garden.
Castellain Road is a quiet, tree-lined street located moments from a fine selection of bijou shops, cafes and restaurants and between the excellent park and sports facilities of Paddington Recreation Ground and Little Venice. Tube and bus links are excellent, with Warwick Avenue underground station only a short walk away (Bakerloo Line). Near to Paddington Station for the Heathrow Express and Crossrail.
Selling your property in Castellain Road? Trying to find your perfect home to buy? Register with Chestertons Little Venice to get the full picture from the experts in the Warwick Avenue Station market.
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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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