Montrose Court Princes Gate SW7

Asking Price: £1,500 p/w Subject To Contract
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  • 3 Bedrooms
  • 2 Bathrooms
  • 1 Reception room
For Tenant Fees, please click here

A bright, newly refurbished and spacious third floor flat in this well regarded portered block, situated just South of Hyde Park. The flat has been modernised to create a spacious open plan feel that can accommodate substantial furniture. The arrangement includes three bedrooms, one of which is currently used as a study. The kitchen has access to a balcony. Montrose Court is well served by a team of porters, and secure underground parking may be available by separate negotiation. Princes Gate is extremely convenient for Knightsbridge, Hyde Park and South Kensington.

Please note, in addition to rent and a deposit equivalent to 6-8 weeks rent, the following fees are due from the Tenant:

Referencing fee of £30 per tenant/guarantor inc VAT or Referencing fee of £72 inc VAT for a company. Inventory fees including check-in and check-out will vary as charged by the inventory clerk selected aswell other factors including the size of the property.




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Stamp Duty on Residential Property Rentals is a legal requirement and we would recommend you gain professional advice. Stamp Duty is only applicable when the rental figure exceeds £125,000 during the period of the rental term. As of 4 December 2014, it is now calculated at increasing rates for each portion of the price being paid, in a similar fashion to income tax.

In order to simplify the more complicated calculation, Russell Simpson provide you with a 'Stamp Duty Calculator'.

Enter the proposed total rental sum for the duration of your term below to establish the tax payable on your rental.

Total Rental Sum  

EPC

TENANT FEES AND ADDITIONAL COSTS

In addition to the rent, there are a few other costs that tenants must budget for before entering into a new tenancy agreement with Russell Simpson. The following fees are all payable before a tenancy starts:

  • Reference fee of £30 per Tenant / Guarantor inc VAT or Company £72 inc VAT
  • A deposit against damage and dilapidations which is usually 6 weeks rent (or 8 weeks if you have a pet). Russell Simpson will hold these funds in the capacity of stakeholder and for Assured Shorthold Tenancies these will be registered under the Tenancy Deposit Scheme.
  • Stamp Duty (if applicable). To find out whether this would apply to your tenancy please contact HMRC at www.gov.uk

Throughout the tenancy there are other costs that must be covered on top of the rent. These might include:

  • Utilities (gas, electricity, water and telephone)
  • Council Tax
  • Television licence
  • Installation of cable/satellite
  • Alarm maintenance
  • Insurance (for your personal possessions and contents)
  • Garden maintenance/Cost of Communal Garden Key/Fee

At the end of the tenancy:

  • Professional cleaning of the property
  • Inventory check-out (cost between £50 and £1,000 inc VAT dependent on size of property and furnishing)
  • Dilapidations

LANDLORD FEES

For more information about landlord fees, please click here.

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