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£1,550,000
Bedrooms
Bathrooms
A spacious three bedroom, two bathroom apartment (1,457 sq ft / 135 sq m) presented in excellent decorative condition, situated on the ground floor of this purpose built block in the heart of St. Johns Wood. The property was fully refurbished four years ago and comprises bright double reception room and large windows with sunlight moving around the flat on a sunny day, separate kitchen with breakfast bar and utility area, three bedrooms, bathroom, shower room and guest cloakroom. Further benefits include wooden flooring throughout, a house-like feel with an almost-outside external door entry, very good central heating with very rare need for extra heating during cold months, plenty of storage space, incredibly helpful 24-hour porterage, hot water included in the service charge, lovely neighbours, good bin removal service and a very quiet and safe position. Grove Hall Court is well located for Edgware Road and is close to St. Johns Wood High Street with its fashionable boutiques, cafes and restaurants as well as the underground station (Jubilee Line) providing access to the West End and Canary Wharf.
Secure car parking in an underground garage is available for rent in the opposite building.
Service charge: 10,395 per annum approx. In addition, reserve fund: 10,773 per annum approx.
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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