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£4,500,000 Offers in excess of
Bedrooms
Bathrooms
We are delighted to present this wonderful opportunity on Vicarage Gardens a highly sought after address in the heart of Kensington. Attractive end of terrace house, with five bedrooms, garden, terrace and separate annex at the lower ground floor level.
This wonderful house, offers a significant opportunity on Vicarage Gardens. The house is in need of modernization, albeit there have been some works undertaken in recent years which will help. These works include the fitting of a new roof (RSJs Joists, Rafters, Slates and Insulation) and the house has been rewired and re-plumbed.
One enters the house from the raised ground floor entrance which leads into entrance hall and feeds onto a reception room, cloakroom and bedroom with en suite bathroom. There is also a conservatory on this floor. The lower ground floor offers a large kitchen, utility room, wine cellar, dining room and lower ground conservatory. The first floor houses another two reception rooms. The second and third floors provide three bedrooms, and three bathrooms. The third floor offers a good amount of eave storage.
There is an annex which can be accessed directly from the rear of the house, via the a gate on Melon Place. It offers one bedroom, kitchen, reception room and shower room.
One has the ability to park two cars in the rear garden which is accessed from the gates at the rear via Melon Place.
Situation
Vicarage Gardens is located at the southern end of Palace Gardens terrace and Brunswick gardens, off Kensington Church Street. The amenities and transport links of both
Kensington High Street and Notting Hill Gate are both within a short walking distance. The green open spaces of Kensington Palace Gardens
There are a significant number of retail and recreational amenities within close proximity to the house.
Property Ref Number:
HAM-53954Map 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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