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£1,550,000
Bedrooms
Bathrooms
A stunning four bedroom third and fourth ( top ) floor apartment situated within this popular and well maintained red bricked mansion building, Morshead Mansions. The apartment has been completely remodelled and refurbished to a high standard with beautiful views and has incredible flexibility which includes a reception room with feature fireplace and balcony, stylish fitted kitchen with granite work top opening to dining room, two double bedrooms with access to contemporary family bathroom with separate shower, Bespoke staircase leading to main bedroom with built in wardrobes and accompanying wet room, hallway with walk in wardrobe / excellent storage and fourth bedroom with door to potential terrace ( Subject to final permissions ). The apartment also has wood flooring, period features throughout and the use of well manicured communal gardens. Positioned conveniently to local shops and cafes along Maida Vale together with Maida Vale underground station ( Bakerloo line ) being just moments away. Share of Freehold with 950 Years Remaining, Service charge 4000 pa, Ground rent N/A Council tax band E. SOLE AGENTS.
Reception Room -
Kitchen -
Dining Room -
Bedroom 1 -
Bedroom 2 -
Bedroom 3 -
Bedroom 4 -
Family Bathroom -
Balcony -
Exterior -
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.
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