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£7,500,000
Bedrooms
Bathrooms
A truly magnificent 3 double bedroom, 3 bathroom apartment situated on the 8th floor of a beautifully maintained new build located in the centre of Knightsbridge on a quiet cul-de-sac.
This spectacular property benefits from 24 hour concierge, residents only leisure facilities, 2 secure underground parking spaces and air conditioning throughout. Entering the property, you are welcomed with a large entrance hallway with built in wardrobe space for coats and shoes. Stepping into the sizeable reception room viewers will appreciate the uninterrupted views, allowing for natural light to pour into the property.
There are 5 tilt and turn doors running the length of the room to the semi-open plan kitchen, large enough for a breakfast table and fully fitted with Gauggenau appliances, that provide access to a small west facing balcony.
To the east there are two generously sized bedrooms, one with a walk in wardrobe and en-suite bathroom. There is a separate bathroom to service the second bedroom or for guests to use when entertaining. Both bedrooms are accompanied by a shared private balcony.
The vast principal bedroom has a large en-suite bathroom with separate bath and shower, as well as a walk-in wardrobe with an abundance of hanging and shelving space extending to the width of the bedroom.
A small utility/storage room is accessible from the bedroom.
Situation
Lancelot Place was completed in 2008 and is still considered one of Knightsbridges finest buildings due to the well maintained communal and leisure areas, as well as the welcoming concierge team.
Set back from the vibrant shopping district of Knightsbridge featuring independently owned designer boutiques mingling with the iconic Harrods and Harvey Nichols. There is an abundant choice of world class hotels, restaurants and bars, all within walking distance.
Knightsbridge Underground Station is a 4 minute walk from the property (0.2 miles).
Property Ref Number:
HAM-44391Map location is not available for this property.
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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