Palace Gate Kensington W8

Asking Price: £2,250,000 Subject To Contract
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  • 3 Bedrooms
  • 3 Bathrooms
  • 2 Reception rooms
  • Patio

SALE BY ORDER OF LPA RECEIVERS.

A three-bedroom duplex apartment with views directly over Kensington Gardens.

The flat offers 1,785 square feet of well-proportioned living space, with ceiling heights in excess of 3 meters. Separately, there are three double bedrooms, three bathrooms, plus a guest cloakroom.

This home benefits from having reverse cycle air conditioning all areas; two private patios and a vault area providing extra storage space.

This apartment occupies the corner of one of London’s finest addresses, moments from Kensington Gardens, Hyde Park, High Street Kensington and Gloucester Road offering an abundance of green outside space, shops, restaurants and public transport. This home benefits from having reverse cycle air conditioning all areas; two private patios and a vault area providing extra storage space.

Tenure: Leasehold

  • Calculate the Stamp Duty on this property

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Stamp Duty on Residential Property Purchases, as of 4 December 2014, 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 price below to establish the tax payable on your purchase

Purchase Price  

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 £31.20 per Tenant / Guarantor inc VAT or Company £19.20 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 (for example this could range from £180 inc VAT to £3,000 inc VAT dependent on size of property and extent of clean required)
  • Inventory Check-out (this is determined by the size and condition of the property at the end of the tenancy and for example could range from £180 inc VAT to £2,000 inc VAT)
  • Dilapidations

LANDLORD FEES

For more information about landlord fees, please click here.

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