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£3,750,000
Bedrooms
Bathrooms
A large 5 bedroom and 4 Bathroom flat located opposite Hyde Park on Princes Gate.
Situated in the prestigious Kingston House North, this expansive five-bedroom, four-bathroom flat enjoys an enviable position directly opposite Hyde Park on Princes Gate. Offering generous lateral living, the property provides exceptional space throughout, making it an ideal choice for those seeking a residence of impressive proportions in one of Londons most sought-after areas.
The flats well-balanced layout ensures a seamless flow between rooms, enhancing both functionality and comfort. With abundant potential, the property is in need of refurbishment, presenting a rare opportunity for buyers to tailor the space to their personal tastes and requirements.
Boasting a premier location just moments from Hyde Parks green open spaces, as well as the excellent amenities, shops, and transport connections of Knightsbridge and South Kensington, this residence combines grandeur with convenience, making it a superb prospect for those looking to invest in a distinguished London home.
Council Tax Band: H
Tenure: Ask Agent
Lease length remaining: Approx. 115 - Expires 25/04/2140
Service charge: Approx: 13,000 Per Annum
Ground Rent: Ask Agent
Council tax and, where applicable, lease information, service charges and ground rent are given as a guide only and should always be checked and confirmed by your Solicitor prior to exchange of contracts.
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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