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£4,500,000
Bedrooms
Bathrooms
Located on Marylebones foremost residential Garden Square, in a highly regarded period purpose-built block, an immaculate fourth floor lateral 3/4 bedroom apartment, benefitting from a secure underground parking space and a small storeroom. The well-proportioned accommodation includes two intercommunicating reception rooms, fully fitted kitchen/breakfast room, two tiled bathrooms and a guest cloakroom. Overall, seven large windows directly overlook the attractive Georgian gardens.
This elegant apartment is within walking distance of extensive facilities on Oxford Street, Baker Street and Marylebone High Sreet. Hyde park and Regents Park are equally close, so too are tube stations at Marble Arch, Edgware Road, Marylebone and Baker Street.
The property has an annual service charge of 9,294.36 and a reserve fund contribution of 5430.00 (May 2024- Apr 2025)
The council tax is band H. The EPC rating is C.
The average download speed from the provider with the fastest broadband package available at this postcode: 1130Mb
provided by Virgin Media.
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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