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£3,150,000
Bedrooms
Bathrooms
The house is arranged over five floors and is presented in pristine condition, combining modern day living with period charm. The ground comprises an impressive double reception room with high ceilings, a herringbone wood floor, two feature fireplaces a utility room and Guest W.C. The lower ground has been completely opened, offering over 600 square feet of contemporary living space. Floor to ceiling sliding glass doors combine with a glass ceiling to fill the room with an abundance of natural light. Clearly defined areas provide for dining with a central modern and fully equipped kitchen and a generous sized lounge. A utility room and an external storage vault complete this exceptional space. The first floor is dedicated to the main bedroom suite and includes a balcony and a sublime en-suite with separate bath and shower. A half landing double bedroom and four more double bedrooms are located on the top two floors with two further exquisite family bathrooms and a south facing terrace.
Situation
The house is on Cambridge Street, a sought after tree lined residential street close to St. Gabriels Church in the heart of Pimlico. The open spaces of St. Jamess Park (1mile) and some of Londons most iconic landmarks such as the Houses of Parliament, Buckingham Palace, Westminster Abbey and the Tate Britain are all close to hand. The transport links at nearby Victoria station (0.3m) are superb offering mainline train services, Gatwick Express and District, Circle and Victoria tube lines. A wide selection of convenience stores, restaurants, shops, theatres, markets and a cinema are all close to hand around Victoria station. Sloane Square (0.9m) and the thriving high street of Kings Road are just a short walk away.
Property Ref Number:
HAM-0748Map 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.
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