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£900,000
Bedrooms
Bathrooms
A spacious 3-bedroom flat on the 4th floor (with lifts) of this sought-after 1930s art deco portered block in the heart of Bayswater and Notting Hill less than 5 minutes from Queensway, Royal Oak, and Bayswater tube stations. The property has a bright south facing reception, a recently installed new separate fully fitted kitchen with a breakfast bar with ample storage and a newly refurbished family bathroom. Hot water and heating are included in the service charge.
There are two large double bedrooms with built in wardrobes and a single bedroom. The large double bedrooms and reception have bay windows to allow plenty of natural light. The single bedroom, bathroom and kitchen also benefit from having good size windows to enable clean, fresh air to circulate throughout the property.
Arthur Court is in the heart of Bayswater and Notting Hill, just off Westbourne Grove, superbly situated for all the shops, bars and restaurants of both Queensway and Westbourne Grove, close to The Whitely development, Waitrose and right next to the Porchester Centre with its gym, swimming pool, famous Turkish Baths, and library. Queensway (Central line) and Bayswater (Circle and District lines), Royal Oak (Circle and Hammersmith and City) and Paddington (Heathrow Express) stations are all nearby as are the green open spaces of Kensington Gardens and Hyde Park.
Lease:Share of Freehold (978 years)
Service Charge: 6862pa
Reserve Fund: 1176pa
Ground Rent: 0
EPC - C (69%), Council Tax band - E (1.189.42 per annum 2024-2025)
Access: Steps from the street, lift to the 4th floor
Utilities:
Communal hot water and heating are provided by the building, which are covered by the Service Charge
Mains electricity and water. Does not have a gas supply.
Broadband: FTTC; Mobile coverage good (See OFCOM website for maximum speed available)
Parking: on the street, a parking permit is required from Westminster City Council, charges depend on size and type of vehicle.
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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