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4c Praed Street, Hyde Park and Bayswater, London, Greater London
£2,750,000 Offers in excess of
Bedrooms
Bathrooms
Having been meticulously renovated by the current owners, this characterful mews house is set on a traditional mews and offers luxurious modern living.
The kitchen is open plan and opens to a dining room with double height ceilings (195/5.9m) and has marble flooring.
Entertaining space continues on the first floor where the bright reception room features an abundance of natural light thanks to the triple aspect and Juliet balconies.
The principle bedroom on the second floor features dressing area and ensuite bathroom, and there are two further double bedrooms on the ground floor. There is a further bedroom/playroom on the lower ground floor, and a useful first floor study.
The house offers full automation with Lutron and Sonos systems.
Situation
Located less than half a mile north of Hyde Park, Radnor Mews is a charming cobbled mews within one of the best-connected areas of central London.
Nearby transport links include underground services from Brunels Grade I Listed Paddington station (Circle, District, Bakerloo and Hammersmith and City, in addition to National Rail services and Heathrow Express). The new Elizabeth Line (CrossRail) connects London east to west with a major new hub at Paddington. Other convenient stations include Edgware Road, Marble Arch (Central Line) and Marylebone.
For motorists, the A40 is easily accessible.
Property Ref Number:
HAM-54222Your 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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