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4c Praed Street, Hyde Park and Bayswater, London, Greater London
£4,500,000
Bedrooms
Bathrooms
In keeping with the charm of this traditional cobbled mews, this modern house has been built behind the renovated original frontage.
The house was designed by boutique London based architects Pike & Partners. Completed in 2021, it offers 2863 sq ft (266 sq m) of internal space set over four floors, plus a stunning roof terrace. The house is filled with natural light thanks to a dual aspect with big windows and wide front facing, with central skylight brightening the core of the house, and two lightwells adding extra light and creating two courtyard gardens.
Accommodation is formed of entrance hallway, opening to ground floor reception room with dining area and open plan kitchen by Bulthaup with breakfast bar and Gaggenau applicances. The generous principal bedroom suite features dressing room and luxurious ensuite bathroom, set on the first floor along with second ensuite bedroom, utility room and guest WC. The second floor offers flexible space as second reception room or bedroom and features ensuite bathroom, extensive storage and access to the south westerly roof terrace which is not overlooked. There is further adaptability offered on the lower ground floor which is currently used as a gym and guest room with ensuite bathroom and has been zoned for flexible use as one, two or three separate rooms.
Situation
Lancaster Mews is a charming cobbled mews with prestigious location around 100 yards north of Kensington Gardens which, combined with the adjoining Hyde Park, offers 625 acres of green space and amenities including open water swimming, boating, cycling, tennis and horse riding, as well as being home to Kensington Palace, the Italian Gardens, numerous cafes and the Serpentine Lake.
The property is convenient for nearby transport links at Lancaster Gate (Central Line) and Paddington (Circle, District, Bakerloo and Hammersmith and City, in addition to National Rail services and the Heathrow Express). The new CrossRail/Elizabeth Line connects London east to west, with a major hub at Paddington. Motorists enjoy fast access to the national motorway network via the nearby A40.
Property Ref Number:
HAM-51183Map 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
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