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£2,500,000
Bedrooms
Bathrooms
We are pleased to offer this off market opportunity for this beautifully presented penthouse apartment available for sale in this highly sought after development in the heart of Westminster.
This duplex penthouse is split over 2 floors on the 9th and 10th floor and is sold with vacant possession. Upon entering the property the living space offers an impressive dual aspect reception and dining space with views onto the superb St Johns Gardens, there is a separate modern integrated kitchen, utility cupboard and further guest WC. There is an elegant staircase that leads you down to the master bedroom suite with ample fitted storage and a generous en-suite bathroom, there are two further double bedrooms both fitted storage and an additional en-suite bathroom. Air conditioning throughout which is not standard at Westminster Green, also includes underfloor heating.
Further benefits include a secure underground parking spaces and bicycle storage area. Residents of Westminster Green benefit from a 24 hour concierge, lavish lobby area, business suite and a gymnasium. You will be within walking distance to the amenities of Horseferry Road and Victoria Street which include many shops, a Curzon Cinema and a host of new restaurants.
The development is also located next door to the international headquarters of Burberry and the Westminster Hotel. The transport links of St Jamess Park, Westminster and Victoria are all within walking distance. Dean Ryle Street is convenient for access to many of the renowned local landmarks which include the Houses of Parliament, the River Thames and Westminster Abbey.
Service Charges: 10,300 Per Annum
Long Leasehold: 982 Years Remaining with Share of Freehold
Ground Rent Peppercorn
Council Tax Band H (London Borough of Westminster)
EPC Rating: D (64)
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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