2 bedroom flat for sale

£1,850,000

2

Bedrooms

2

Bathrooms

Floorplan

Nestled on the prestigious Cranley Gardens, this exceptional lateral flat offers 1,075 square feet of beautifully appointed living space in one of Londons most sought-after locations. The property blends classic charm with modern luxury, featuring two generous double bedrooms, both with floor-to-ceiling fitted wardrobes, ensuring ample storage. The principal bedroom benefits from an en suite bathroom, while the second bedroom is served by an additional family bathroom, complete with a stylish bathtub. This property further benefits from communal outside space with access to the beautifully maintained and landscaped Evelyn Gardens.

The heart of the home is the exceptionally large reception room, which boasts a dedicated dining area and an impressive media wall, making it an ideal space for both entertaining and relaxing. The modern, fully fitted kitchen provides the perfect balance of style and function, offering high-quality appliances and ample storage, making it a chefs dream.

This apartment not only offers generous proportions and elegant finishes but is also set within a vibrant neighbourhood rich in culture and history. South Kensington is renowned for its historic landmarks, including the Victoria and Albert Museum, Natural History Museum, and the Science Museum, all just moments away. The surrounding area is also home to a variety of world-class dining options, trendy cafes, boutique shops, and local amenities.

Transport links are excellent, with Gloucester Road and South Kensington Underground stations both within walking distance. These provide access to the District, Circle, and Piccadilly lines, offering quick and easy connections to the rest of London. The proximity to Heathrow Airport also adds a layer of convenience for international travel.

Map location is not available for this property.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 1569700

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 46250
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 182200
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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