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£2,500,000
Bedrooms
Bathrooms
This wonderful, share of freehold, duplex apartment offers an amazing opportunity for new owners to put their mark on and create their dream home.
At almost 2400 sq ft and set over two floors it is huge and has some wonderful original features. There are two courtyard / patio areas and planning permission for b-fold doors and a Juliet balcony. Currently set up with 4 bedrooms, 4 bathrooms, kitchen, additional kitchen /utility room and 2 living areas. There is a lot of room for reconfiguration if a new buyer so desires.
The current owners have commissioned an architect to produce some plans and are happy for us to share their plans, please contact us for these.
Located in the heart of South Kensington, within a 1 mile of Londons Hyde Park its a lovely place to live. There is a wide selection of restaurants, bars, shops and boutiques to choose from in South Kensington and Gloucester Road. It is also close to The Royal Albert Hall, The Science Museum, Natural History Museum and The V & A. There are a number of great schools nearby such as Kensington Park School and Marlborough Primary School.
Gloucester Road (Piccadilly, District and Circle line) tube is 0.2 miles away and this provides excellent access to Central London and Heathrow Airport.
Tenure: Share of Freehold - 999 years from 10 April 2014
Service charge: 1900 per annum
Ground Rent: Peppercorn
EPC - D
Please contact us today on or to arrange a viewing of this wonderful 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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