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61 Praed Street, W2 1NS
£2,180,000 Guide Price
Bedrooms
Bathrooms
Reception
Discover an exceptional living arrangement with this unique offer: a modern 3-bedroom apartment paired with an adjacent 1-bedroom apartment, sold as a package. This setup ensures enhanced privacy while providing the convenience of close proximity, ideal for extended family living or a combination of residence and home office.
Prime Location and Urban VibrancyNestled just steps away from Hammersmith Station, this 3-bedroom apartment is at the heart of urban vibrancy. Enjoy immediate access to the lively High Street, renowned for its diverse dining options, shopping delights, and popular brands like H&M and IKEA. Gails Bakery, Pure Gym, and Fitness First are just a stones throw away, catering to your lifestyle needs.
Spacious and Modern Living SpacesThe 3-bedroom apartment features:
Located in a prestigious school district, this residence offers access to top educational institutions such as Latymer Upper School and Latymer Prep School, ensuring excellent opportunities for your family.
Flexible Furnishing OptionsThe vendor is flexible with furnishing options, allowing you to move in with ease or personalize the space to your taste. All furniture can be included or excluded based on your preference.
Additional 1-Bedroom ApartmentComplementing the 3-bedroom flat is a stylish 1-bedroom apartment, perfect for guests, family members, or as a home office, enhancing the flexibility of this exclusive offer.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £9,427.78
Total Interest: £1,213,999.96
Overall Total: £3,393,999.96
Amortization For Monthly Payment: £9,427.78 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £69,118.17 | £44,015.16 | £2,135,984.84 |
| 2026 | £67,688.84 | £45,444.49 | £2,090,540.35 |
| 2027 | £66,213.10 | £46,920.23 | £2,043,620.11 |
| 2028 | £64,689.43 | £48,443.90 | £1,995,176.21 |
| 2029 | £63,116.29 | £50,017.04 | £1,945,159.17 |
| 2030 | £61,492.06 | £51,641.27 | £1,893,517.90 |
| 2031 | £59,815.08 | £53,318.25 | £1,840,199.65 |
| 2032 | £58,083.65 | £55,049.68 | £1,785,149.97 |
| 2033 | £56,295.99 | £56,837.34 | £1,728,312.63 |
| 2034 | £54,450.29 | £58,683.05 | £1,669,629.59 |
| 2035 | £52,544.64 | £60,588.69 | £1,609,040.89 |
| 2036 | £50,577.11 | £62,556.22 | £1,546,484.67 |
| 2037 | £48,545.69 | £64,587.64 | £1,481,897.03 |
| 2038 | £46,448.30 | £66,685.03 | £1,415,211.100 |
| 2039 | £44,282.80 | £68,850.53 | £1,346,361.47 |
| 2040 | £42,046.98 | £71,086.35 | £1,275,275.12 |
| 2041 | £39,738.56 | £73,394.77 | £1,201,880.35 |
| 2042 | £37,355.17 | £75,778.16 | £1,126,102.19 |
| 2043 | £34,894.39 | £78,238.95 | £1,047,863.24 |
| 2044 | £32,353.69 | £80,779.64 | £967,083.60 |
| 2045 | £29,730.49 | £83,402.84 | £883,680.76 |
| 2046 | £27,022.11 | £86,111.22 | £797,569.54 |
| 2047 | £24,225.77 | £88,907.56 | £708,661.98 |
| 2048 | £21,338.63 | £91,794.70 | £616,867.27 |
| 2049 | £18,357.73 | £94,775.60 | £522,091.67 |
| 2050 | £15,280.03 | £97,853.30 | £424,238.37 |
| 2051 | £12,102.39 | £101,030.94 | £323,207.43 |
| 2052 | £8,821.56 | £104,311.77 | £218,895.66 |
| 2053 | £5,434.19 | £107,699.14 | £111,196.52 |
| 2054 | £1,936.82 | £111,196.52 | £0.00 |
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.
61 Praed Street, W2 1NS
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Tue May 20 2025
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Tue May 20 2025
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