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£1,875,000
Bedrooms
Bathrooms
We are delighted to offer this sizable sub penthouse apartment measuring at 1289 Sq.Ft (119.8 Sq.M) located on the 9th floor of this luxury development in the heart of Westminster. The accommodation comprises of a separate integrated kitchen, reception/dining room with stunning triple aspect floor to ceiling windows with 2 balconies, offering views to St Johns Gardens and Big Ben. There are 2 good size double bedrooms both with ample fitted wardrobes, an en-suite bathroom to the master bedroom, a further guest bathroom and a separate WC with utility area. Further benefits include wood flooring, comfort cooling and secure underground valet parking. Residents will enjoy a full 24 hour concierge service and have access to a fully equipped gymnasium with plunge pool, sauna and treatment rooms. Marsham Street is extremely well located to the transport links of St Jamess Park, Westminster and Victoria which are all within walking distance. The superb iconic London landmarks of Big Ben, Houses of Parliament and the Tate Gallery are close by. Just a short walk away is the Chelsea College of Arts and St Johns Smith Square Concert Halls offering a variety of classical musical performances. There is an abundance of local amenities including a variety of retail stores along Victoria Street with the Curzon Cinema and many restaurants including the Ivy Bar and Grill and Yaatra based in the Old Westminster Fire Station. Garton Jones are located on the same road so are readily available for viewings.
Service Charges: 15,000 Annum (Including Sinking Fund Contribution)
Ground Rent: 500 Per Annum
Long Leasehold: 999 Years From 1998 (972 Years Remaining)
Council Tax Band H (London Borough of Westminster)
EPC Rating: D (63)
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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