5 bedroom flat for sale

£2,500,000

5

Bedrooms

2

Bathrooms

Floorplan

Quietly located at the end of a mid-Victorian terrace in Pimlico, this wonderful five-bedroom property was converted by the modernist architects Stout & Litchfield in the 1970s. It offers approx. 2,000 ft2 of internal accommodation over several levels, with open-plan spaces and huge amounts of natural light.

The property has its own entrance to the side of the building. It opens onto an entrance hall with hanging space for coats, and then stairs to the first floor. There is a kitchen and dining room at the rear, with the original 1970s fittings. This leads in turn to a fantastic reception room and open study area, with excellent ceiling height and large windows on three sides. Two huge Victorian sashes at the front overlook a mature tree on Winchester Street.

There is a large roof terrace off the landing, and then stairs up to the second floor, which contains two double bedrooms with built-in wardrobes, and a separate bathroom. Up another half level is a study or single bedroom. The top floor contains two large rooms linked together by a full-height door; these could be used as separate bedrooms, or as a master bedroom and dressing room. One has an en-suite bathroom, and the other has sliding doors onto another terrace. Freehold.

Winchester Street is superbly located for transport links that can be found at Victoria. The property is within easy reach of Battersea Park, the river Thames as well as the shops, restaurants and cafes of Victoria, Chelsea and Belgravia.

Selling your property in Winchester Street? Trying to find your perfect home to buy? Register with Chestertons Westminster to get the full picture from the experts in the Abbots Manor market.

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Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 2151450

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 62500
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 276450
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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