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£1,425,000 Guide Price
Bedrooms
Bathrooms
Converted within the last decade, Exchange Court is a small residential block, nestled within a quiet setting behind The Strand, comprising eight luxury apartments, ideal as either a Pied a Terre or home within The West End.
Beautifully equipped for dining, a 26 dual aspect open-plan kitchen / living space is perfect for entertaining. The spacious, open-plan Molteni & C Dada kitchen brings together high quality Miele appliances Hansgrohe taps. Beautifully crafted, natural stone surfaces fuse modern convenience with effortless style.
Discreet downlighting and built in wardrobes in the principal bedroom maximise space, allowing you to relax and unwind whilst a spacious and elegant en-suite provides convenience. The guest bedroom shares similar dimensions, served by a separate bathroom.
The contemporary design and high specification features engineered oak flooring, backlit illumination, zoned lighting, comfort air-cooling and a residents lift - the true epitome of elegant living.
Situation
Exchange Court was built in the 1630s, a quaint, Secluded passageway to link the main artery of the Strand with the markets and orchards of Covent Garden; transporting you back to days past, Four traditional gaslights still light up the quiet alley, leading you to the pillared front door with its graceful original fanlight. Today, the area may be more about theatres and boutiques, markets and high culture, but Exchange Court remains a charming reminder of its historic roots.
Various underground options include Covent Garden, Charing Cross and Embankment whilst Charing Cross provides rail services with the Thames Clipper riverboat connecting Greenwich to Chelsea Harbour. The recently opened Elizabeth line provide a fast connection form the West End to Heathrow, West London, The City and Canary Wharf.
Property Ref Number:
HAM-33265Your 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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