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£895,000 Guide Price
Bedrooms
Bathrooms
Nestled within a charming period mansion block in the heart of Kensington, this delightful apartment is a great home or or investment.
Spanning nearly 800 sqft, the property boasts three spacious double bedrooms, making it an ideal choice for professionals, families, or investors.
The property features a separate fitted kitchen and a well-appointed bathroom, offering both functionality and modern aesthetics.
Currently tenanted under an assured shorthold tenancy (AST) until August, the property achieves a rental income of 3,300 per calendar month (excluding bills), 39,200 per annum. Estimated Rental Value of a new tenancy is circa 43,200. This makes it an excellent investment opportunity, offering immediate income potential.
Alternatively, it can be acquired as a vacant property at the end of the tenancy, perfect for those looking to make it their own.
Located on a quiet residential street the flat provides a peaceful retreat while being just moments away from the vibrant amenities of Kensington. This prime location is a short stroll from Holland Park, High Street Kensington Shopping, and the High Street Kensington Underground station, served by the District and Circle Lines. An array of bus routes further enhances connectivity to the surrounding areas.
The neighbourhood exudes a welcoming village atmosphere, with a wealth of local restaurants, stylish bars, and hidden gems like the Scarsdale Tavern waiting to be explored. Whether its boutique shopping, fine dining, or leisurely walks through Holland Park, this property places you in the centre of it all.
With its fantastic location, contemporary appeal, and immediate income potential, this flat represents a rare opportunity to invest in one of Londons most sought-after areas.
Newly Extended 178 year lease
Service Charge 1609.40
Ground Rent: Nil
'' Some photos have been virtually staged''
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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