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£4,950,000 Guide Price
Bedrooms
Bathrooms
This attractive period house is available for sale for the first time in over fifty years. The property is well situated on the western side of this highly regarded Chelsea garden square.
The house has a good layout, with the dining room overlooking the communal gardens, and the kitchen behind. The elegant drawing room is upstairs on the first floor, followed by a principal suite on the second floor and two further bedrooms with a bathroom on the third floor. The lower ground floor is set up with two bedrooms, a laundry room and bathroom.
The west facing garden is laid with York paving and has an open aspect south. This is complemented by a roof terrace with fine views west towards St Lukes Church.
Historical Note:
Markham Square lies on the site of an old orchard - part of Box Farm - which was acquired by Matthew Markham in the late 18th Century. Following the Markham Square Act 1825, the first houses were completed on the west side of todays garden in the early 1840s. The remaining houses were built during Queen Victorias reign, and the garden was planted as an orchard of flowering cherries, almonds and peaches in 1937 to celebrate George VIs coronation.
After WWII, it was redesigned by the Royal Hospital Chelseas head gardener as a private country garden, notable for its light, open aspect and rare shrubs and trees.
Map 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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