3 bedroom flat for sale

£2,500,000

3

Bedrooms

3

Bathrooms

Floorplan

A beautiful THREE BEDROOM apartment for sale of approx. 1496 sq.ft (139.01 sq.m) in this small residential development in Belgravia. The property is of a high standard and benefits from a dual aspect open plan reception room, a modern kitchen (with a breakfast bar and Miele integrated appliances), 3 luxury bathrooms (all en-suite with underfloor heating), plus a guest cloakroom. There is wood flooring, air conditioning and good storage including fitted wardrobes to all bedrooms. There is also a 24 HOUR CONCIERGE service.

Chantrey House is a Grade II listed red brick Edwardian property and 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 on your doorstep. Belgravia and Elizabeth Street, Knightsbridge and Victoria Station (with Gatwick Express trains) and Sloane Square are just a few minutes walk.

Available via Garton Jones Chelsea & Belgravia (based on-site at Grosvenor Waterside underneath Bramah House - approx. a 10 minute walk from Chantrey House).

'Please note there is currently a tenancy in place.

Service Charges: approx. 7,182.65 per quarter (approx. 28,730.60 per year)
Ground Rent: approx. 750.00 per annum
Lease: 999 years from June 2003 (expires 3002, approx. 978 years remaining as of 2024)
EWS1 compliant

Council Tax: Westminster City Council (band H)

EPC Rating: B (83)



Features
  • Freehold

Nearest Stations:

0.12 miles
Victoria
0.43 miles
Sloane Square
0.61 miles
Hyde Park Corner
0.67 miles
St. James's Park
0.69 miles
Pimlico

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

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • 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

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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