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£3,800,000
Bedrooms
Bathrooms
We are delighted to offer this truly unique sub penthouse apartment available for sale of approx. 2633 Square Feet (244.6 Sq.M) located on the 7th floor (with lift) of this popular development in the heart of Westminster. The accommodation comprises of bright reception room with access to wonderful terrace with views of the Houses of Parliament, Big Ben, Westminster Abbey and the London eye. There is a stylish integrated kitchen with dining room a large family kitchen with utility room and dining room, both leading onto a large roof terrace which spans over 4900 square feet. The principal bedroom has a dressing room and a large en suite with two further double bedrooms, family bathroom and a separate shower room.
As a resident of Romney House you will also have the use of a 24 hour concierge and a well-equipped gymnasium (online booking required). The development is extremely convenient for access to many of the renowned local landmarks which include the Houses of Parliament, Westminster Abbey, Tate Britain Gallery and the River Thames. The local transport links of Victoria Station is nearby providing mainline UK services including the Gatwick Express as well as the underground services of Victoria, Pimlico, St James Park and Westminster. The property benefits from 6 secure underground parking spaces. Sold with vacant possession and Garton Jones are based on site so are readily available for viewings.
EPC Rating C (77)
Council Tax Band H (London Borough of Westminster)
Long Leasehold: 980 Years Remaining
Ground Rent: 1,250 Per Annum
Service Charges: Circa 28,500 Per Annum
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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