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£2,200,000
Bedrooms
Bathrooms
A substantial top floor apartment (with lift) of approx.1741sq.ft (161.7sq.m) in a prestigious development in the heart of Westminster. This well presented property boasts 3 double bedrooms all with en-suite bathrooms and fitted wardrobes, there is a spacious reception room with a dining area and an impressive bay window accessing a full width wrap around balcony and offering panoramic views of the London skyline. Additionally there is a separate integrated kitchen, guest cloakroom and wood flooring. St Johns Building has a 24 hour concierge service, you will have secure valet parking and the use of a smart leisure suite with gymnasium, wave pool, sauna and treatment rooms. The development is located at the junction with Marsham Street and Horseferry Road and is therefore within very easy reach of the River Thames, Houses of Parliament and a whole host of other iconic landmarks. There are many amenities on the door step including new restaurants, Jamie Olivers Italian, Iberica, Browns, La Tasca, Zizzi, Wagamama to name but a few. There is also a brand new All Bar One pub and a Curzon Cinema. Transport links are excellent with St James Park, Pimlico, Westminster and Victoria all within walking distance.
Long Leasehold: 973 Years Remaining From June 1998
Service Charge: 20,000 Per Annum
Ground Rent: 500 Per Annum
Council Tax Band H (London Borough of Westminster)
EPC C (74)
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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