Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
4c Praed Street, Hyde Park and Bayswater, London, Greater London
£4,750,000
Bedrooms
Bathrooms
A beautiful lateral apartment set on the first floor of this charming Grade II Listed stucco fronted building. Offering over 3,500 sq ft (325 m2) of space and spanning two buildings, with four bedrooms, three bathrooms and an incredible entertaining space. Within one half of the apartment, the main reception areas are awash with period detailing, ceilings are in excess of 4m and the floor to ceiling windows with original shutters open onto the balcony and provide a fantastic vista over the Terrace below. The oak parquet flooring along with the original fireplaces, ornate cornicing, ceiling roses, and formal dining space, all work to create a quintessential period apartment in London. The formal dining area benefits from curved windows opening to a further balcony. The natural light floods through this space due to the imposing windows at either end and the favourable aspect. The kitchen provides further entertaining and dining space and there is a mezzanine study leading to a substantial roof terrace with a south westerly aspect, a shower room and WC complete this side of the apartment. All bedrooms, remaining bathrooms, and an additional reception room are located in the other half of the apartment. Additional benefits include guest cloakroom and utility room, extensive storage facilities and off-street parking, which is available via permit on a first come first served basis on the private road to the front of the building. While the property would benefit from renovation, the bones and charm of the property are unquestionable, its sale presents an opportunity for someone to create a perfect home with a wealth of character.
Video Link: /7d46be0698?share=copy
Situation
Westbourne Terrace is an attractive tree lined avenue running north connecting Hyde Park to Little Venice. In an area consisting of grand white stucco-fronted buildings developed together in the 1870s, desirable mansion blocks and Georgian houses, transport links include Paddington Station serving the newly opened Elizabeth line as well as Circle/District, Bakerloo, Hammersmith & City lines as well as Paddington Mainline Station providing city, national and international connections (Heathrow Express) and Lancaster Gate (Central line). For motorists the A40 is easily accessible. Nearby central London attractions include Hyde Park, Kensington Gardens, the canals of Little Venice, and Oxford Street including the famous Selfridges store and the West End, and fashionable districts such as Westbourne Grove, Notting Hill, High Street Kensington, Knightsbridge and Marylebone High Street are also within walking distance.
Property Ref Number:
HAM-17104Map 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.
4c Praed Street, Hyde Park and Bayswater, London, Greater London
The Property has been saved to your favorites
/ 5
It's quick and easy
