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4c Praed Street, Hyde Park and Bayswater, London, Greater London
£4,950,000
Bedrooms
Bathrooms
This recently renovated duplex penthouse spans the top two floors of this popular modern building and offers great privacy and far reaching views.
A wide entrance hallway leads forward to the dual aspect reception room, divided into a linked reception and dining room with feature fireplace, elevated 5m+ ceiling height and doors/windows with far reaching views and opening onto a private balcony. There is a modern fitted kitchen / breakfast room with breakfast bar leading to a practical utility room, and a second reception room offers flexible use for entertainment or even as seventh bedroom if required.
The principal bedroom benefits from dressing room and luxurious bathroom, and there are three en-suite bathrooms, and two further double bedrooms sharing the family bathroom.
Further benefits include cloakroom and guest WC, ample fitted storage, comfort cooling and 3 secure underground parking spaces
Situation
Marshall Building forms part of the Paddington Walk development on Hermitage Street. This part of Paddington Basin benefits from the nearby canalside bars, cafes and restaurants and is well served by local shops, supermarkets, gyms and other amenities.
The property is in a well connected areas of central London, with transport links at nearby Paddington including Elizabeth, Circle, District, Bakerloo and Hammersmith and City Underground Lines, and National Rail services and Heathrow Express.
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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