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£1,515,000
Bedrooms
Bathrooms
Reception
Property Point is delighted to present this Newly Build 1 Bed Flat for Sale located in Great Portland Street, London W1W that is situated at first floor. Great Portland Street station connects you to all of Londons major transport hubs - whether youre jetting off, hopping on a train, or heading somewhere more local. Whatever you need, its right on your doorstep.
The Flat consists of 1 bedroom, 1 Bathroom, and an open-plan kitchen with a terrace for sale in the W1 Place and it is situated on Great Portland Street, just a 3 minute walk to Great Portland Street station and under 5 minutes walk to Regents Park. The development consists of 37 luxury apartments over 8 floors and is situated on the unifying line of Marylebone and Fitzrovia.
Great Portland Street acts as the unifying line between Marylebone and Fitzrovia, two vibrant neighbourhoods filled with striking architecture and an abundance of caf?s, pubs, bars and eateries. Bookended by Oxford Street and Euston Road, Great Portland Street is at the very heart of these two historic districts, and indeed London itself. The acclaimed Portland Hospital nearby has a long list of exceptional notable births from celebrities to the British Royal Family, earmarking the famous medical and wellness tradition in the area.
Local Amenities: Portland Place School 0.4 miles; University College London 1.1 miles; Queens College Preparatory School 0.5 miles; Lore of the Land 0.9 miles; Meraki Restaurant & Bar 0.6 miles; Chiltern Firehouse 0.3 miles; The Portland Hospital part of HCA Healthcare 0.6 miles; BBC Broadcasting House 0.7 miles; The Wallace Collection 0.4 miles; Daunt Books Marylebone 0.2 miles; Selfridges 0.4 miles.
Payment Terms: 5,000 r reservation fee. 10% deposit paid on exchange in 28 days less Reservation fee. Further 10% payable 12 months thereafter. Balance of 80% paid upon Completion.
Property features:
'Estimated Completion: Q1 2024
'Living/Kitchen/Dining 6.1m x 3.8m
'Master Bedroom 5.1m x 3.5m
'Bathroom 2.4m x 1.8m
'Terrace 9.1m2
'City Centre
'Available Now - Best Investment Opportunity
An opportunity not to be missed. Please do not hesitate to call on 0208 090 4082 or WhatsApp: 07377158224.
Tenure: Leasehold (999 years)
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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