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For Sale - Sheldon Square, Paddington, W2 £520,000

Apartment  For Sale £520,000

Sheldon Square, Paddington, W2

Studio apartment with an abundance of natural light, set within a modern, portered building. The property was fully furnished at the time of our inspection.The property is located in Bayswater, in the City of Westminster with access to Paddington Mail Line and underground station, the retail amenities provided in Sheldon Square and on Praed Street and the leisure facilities provided on the canal.The property Situation: Sheldon Square is a popular modern complex forming part of Paddington Basin which benefits from almost unparalleled transport links, including Paddington Station (Circle, District, , Hammersmith & City, National Rail, Heathrow Express). The Cross Rail / Elizabeth line is due to open mid 2022 and will connect London east to west with a major hub at Paddington. For motorists theA40 is easily accessible.The property consists of a first floor flat arranged as an open plan studio room/kitchen and bathroom with an enclosed glazed balcony, off the main room, in a twelve-storey purpose-built block of shops, restaurants and flats with basement car parking. The flat has views of the canal.The accommodation briefly comprises:Ground Floor:      Intercom, Entrance Hall, Stairwell and Passenger Lift to:First Floor:           Entrance Hall                            Studio Room/Kitchen (5.9m x 4.7m) with sliding doors to                            Enclosed glazed balcony (5.1M X 1.1M)                            Bathroom (2.7m x 1.4m) with panelled bath, shower over, wash hand basin                            set into base unit and Wc and door to boiler cupboardOutside:              Enclosed glazed balconyG.I.A.                   44.2 sq.  m/   476 sq.  ft inclusive the balconyAll main services with exception of gas are connected to the property which has electric panel heaters providing central heating and a pulse coil electric water heater providing hot water.Leasehold Property:Council Tax Band: DService Charge: £196.82 Per Month Ground Rent: Peppercorn TBC £520.000  (Leased term of more than 900 years)

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Total SDLT due

Below is a breakdown of how the total amount of SDLT was calculated.

Up to £
500
k (Percentage rate 0%)

£ 0

Above £
500
k and up to £925k (Percentage rate 5%)

Above £925k and up to £1.5m (Percentage rate 10%)

Above £1.5m (Percentage rate 12%)

Up to £500k (Percentage rate 0%)

£ 0

*This is for illustrative purposes only

Below is a breakdown of how the total amount of SDLT was calculated.

Up to £125k (Percentage rate 0%)

£ 0

Above £125k and up to £250k (Percentage rate 2%)

Above £250k and up to £925k (Percentage rate 5%)

Above £925k and up to £1.5m (Percentage rate 10%)

Above £1.5m (Percentage rate 12%)

Up to £300k(Percentage rate 0%)

£ 0

Above £300k and up to £500k (Percentage rate 0%)

Up to £300k (Percentage rate 0%)

£ 0

Above £300k and up to £500k (Percentage rate 5%)

*This is for illustrative purposes only

IMPORTANT NOTICE FROM THE REAL PROPERTY EXPERTS

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

Fees

Refundable Holding deposit

Capped at 1 weeks rent

Security Deposit

Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent

The agreed monthly rent

Changes to tenancy

Capped at £50 inc VAT

Early termination charge

Not exceeding the landlord’s financial losses

Late payment of rent

Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys

Reasonable costs or give the tenant the option to purchase themselves

Utilities, council tax, communication services, TV Licence etc

Tenants own responsibility unless otherwise stated in contract

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