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£4,200,000
Bedrooms
Bathrooms
Exceptional London Residence | 646 Sq. Ft | Valet Parking | Mayfair Location | Incredible Residents Facilities | Ensuite Bathroom Plus Guest Powder Room | Double Aspect Living Room | Luxury Spa | Roof Terrace | Available Furnished | In-House Dining & Housekeeping
An exceptional opportunity to own a residence in one of Londons most prestigious new developments The Residences at Mandarin Oriental Mayfair, located at 22 Hanover Square, London W1S 1JA.
This fifth-floor, one-bedroom, two-bathroom apartment spans 646 sq. ft (60 sq. m) and combines the elegance of a private home with the five-star luxury and service of the Mandarin Oriental Hotel.
Key Features:
1 Bedroom / 2 Bathrooms
646 sq. ft (60 sq. m)
5th Floor
Private Velvet Parking Space
Fully Furnished
Leasehold: 999 Years (from 2023)
Amenities Include:
Residents Lounge
25m Heated Indoor Pool
State-of-the-Art Gym
Sauna & Steam Rooms
Spa & Treatment Rooms
Roof Terrace
In-Residence Dining & Housekeeping
24/7 Concierge & Hotel Security
Situated in the heart of Mayfair on Hanover Square, just steps from Bond Street and Regent Street, this landmark building offers unrivalled access to world-class shopping, art galleries, fine dining, and the Elizabeth Line (Crossrail) for direct links to Heathrow, the City, and Canary Wharf.
Tenure: Leasehold. 999 years from 2023
Service charge: 17,050per annum
Ground Rent: 2,000 pa
EPC: TBC
Local Authority: Westminster
Council Tax band: TBC
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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