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£3,150,000
Bedrooms
Bathrooms
A spacious 3 DOUBLE BEDROOM apartment for sale of approx. 1951 sq.ft (181.25 sq.m) in Chantrey House, a small residential development in Belgravia. This impressive apartment is of a high standard and benefits from a dual aspect open plan reception room, a kitchen with a breakfast bar island and Miele integrated appliances. There is a LARGE PRIVATE BALCONY, 3 LUXURY BATHROOMS and GUEST CLOAKROOM wood flooring, air conditioning, good storage including fitted wardrobes in all bedrooms and a utility cupboard housing a washing dryer. There is underfloor heating in the bathrooms. 24 HOUR CONCIERGE. Chantrey House is a Grade II listed 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 close by. Belgravia and Elizabeth Street, Knightsbridge, and Sloane Square are within easy access and Victoria Station (with Gatwick Express trains) 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).
Service Charges: approx. 20,000.00 per annum (payable quarterly)
Ground Rent: approx. 750.00 per annum
Leasehold: commenced 24/06/2014 (expiring 20/03/2184)
EWS1 completed
EPC Rating: C (74)
Council Tax: Westminster City Council (band H).
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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