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£2,950,000
Bedrooms
Bathrooms
A rarely available freehold townhouse located on Mercer Street, one of the characterful streets within the Seven Dials conservation area, Covent Gardens village.
This Grade II listed warehouse conversion forms part of the Comyn Ching triangle, an award winning urban regeneration project designed in the 1980s by world renowned architect Sir Terry Farrell, and has a colourful past being once owned by Blur bassist, 90s Britpop badboy and latter day cheese-meister Alex James.
Arranged over five floors, the house is entered from the street, opening into a grand entrance library, with high ceilings and floor to ceiling bespoke bookshelves, with a pleasant outlook from the full height windows on to Ching Court at the rear.
On the lower ground floor, there is a modern well appointed kitchen with central island, opening to a large breakfast/dining room illuminated by large skylights.
A rarely available freehold townhouse located on Mercer Street, one of the characterful streets within the Seven Dials conservation area, Covent Gardens village.
This Grade II listed warehouse conversion forms part of the Comyn Ching triangle, an award winning urban regeneration project designed in the 1980s by world renowned architect Sir Terry Farrell, and has a colourful past being once owned by Blur bassist, 90s Britpop badboy and latter day cheese-meister Alex James.
Arranged over five floors, the house is entered from the street, opening into a grand entrance library, with high ceilings and floor to ceiling bespoke bookshelves, with a pleasant outlook from the full height windows on to Ching Court at the rear.
On the lower ground floor, theres a modern well appointed kitchen with central island, opening to a large breakfast/dining room illuminated by large skylights.
Stairs to the first floor open on to a vast dual aspect reception room, with handsome original timber floors, exposed painted brickwork and large original loading doors at one end, flooding the space with natural light along with the French doors opening on to a small balcony overlooking the tranquil courtyard of Ching Court.
The second floor features a guest bedroom with dressing room and bathroom and finally the top floor is solely occupied by a fantastic master bedroom, with beautiful vaulted ceilings, original feature windows, wonderful light from skylights and a fantastic open plan bathroom with lovely freestanding roll top bath.
Seven Dials has an interesting history of its own, originally developed by Thomas Neale in the early 1690s with a view to attracting
affluent residents, however for much of its early history it was full of gin shops and neer-do-wells, with a pub on every corner (only The Crown remains today) and a series of interconnecting tunnels between each, perfect for a quick escape. The area became
regarded as somewhat of a slum, even referenced by the great Charles Dickens himself.
Nowadays, Seven Dials has more of a village feel much closer to Neales original vision. The eclectic mix of cobbled streets, historic
architecture, independent boutiques, theatres, restaurants, coffee shops and of course the iconic sundial give the area a unique atmosphere within Londons buzzing West End.
dressed images are digitally enhanced CGIs for indicative purposes only and do not represent physical furnishing in the property
what we love: Rare warehouse conversion
Original features including full height glazed loading doors
Tranquil views over Ching Court
Awesome master bedroom suite
Stumbling distance from The Ivy & Groucho Club.
What you need to know: Seven Dials Conservation Area
Arranged over five floors
Grade II listed building
Designed by Sir Terry Farrell
Freehold.
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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