2 bedroom flat for sale

£3,750,000

2

Bedrooms

2

Bathrooms

Floorplan

A beautifully presented TWO BEDROOM apartment for sale of approx. 1342 sq.ft (124.7 sq.m) on the third floor of this exclusive development on Ebury Square, Belgravia. This interior designed apartment has high quality fixtures, fittings and decoration, all designed for luxurious living. There is a spacious reception room with a feature fireplace, a modern kitchen (with integrated appliances including an induction hob and wine cooler) and a separate laundry area. There are two luxury bathrooms (one en-suite) plus a guest cloakroom. The apartment further benefits from good storage including a comms cupboard and wardrobes and dressing area to the master bedroom and bedroom two. There is air-conditioning, a Crestron control system and integrated ceiling mounted speakers and solid wood and tiled flooring. There is an allocated secure underground parking space, a private residents gym and 24 hour concierge service. The development sits within leafy Belgravia, one of the most prestigious and sought after residential areas of London. There are plenty of eateries, galleries, antiques shops and boutiques close by on nearby Elizabeth Street, Knightsbridge and Chelsea. Sloane Square and Victoria mainline station with excellent transport links (including Gatwick Express) are just a short walk away.

Available via Garton Jones Chelsea & Belgravia (approx. a 5 minute walk from the apartment).

Lease Length: 999 years from 2011
Service Charges: approx. 20,000.00 per annum (2025)
Ground Rent: approx. 1,000.00 per annum (2025)
EWS1 Complete

EPC Rating: B (81)

Council Tax: Westminster Council (band H).



Features
  • Freehold

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

£ 3270200

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

£

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
    £ 93750
  • 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

£ 457700
  • 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

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

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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