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£5,250,000 Offers in excess of
Bedrooms
Bathrooms
A pair of Freehold houses that have not been on the market for generations. The houses consist of eight self-contained flats, six let on ASTs and two regulated tenancies. The houses are wide and low and there are generous westerly-facing rear gardens. Clarendon Road is located in Holland Park close to its border with Notting Hill and Holland Park (park) to the south. The properties are positioned near some of Londons most fashionable and prestigious neighbourhoods, including Holland Park and Notting Hill, Kensington and Portobello Road. These areas are celebrated for their upscale boutique shops and cafes, acclaimed restaurants, luxury hotels, and high-value residential properties. In addition, theatres, museums, shops and entertainment can be found in close proximity within Londons West End and Westfield London in Shepherds Bush. The exceptional array of lifestyle amenities enhances the areas appeal. Both Hyde Park and Holland Park are located within easy walking distance offering over 650 acres of open green space. For a full brochure please email
ACCOMMODATION AND AMENITIES
TERMS - As Advised by the Vendor
TENURE:
Freehold
ASKING PRICE:
Offers in Excess of 5,250,000
LOCAL AUTHORITY:
Royal Borough of Kensington & Chelsea
VIEWING:
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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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