Cumberland Terrace, Regents Park, NW1

£7,950,000
3 Bedrooms 2 Bathrooms 1 Reception

Stunning three bedroom first floor apartment with large terrace and views of Regent's Park * One bedroom first floor Mews Apartment * Basement Studio Flat * Basement Storage room * Lock up Garage

We are delighted to offer for sale a magnificent, recently refurbished, three bedroom first floor apartment featuring high ceilings, floor to ceiling windows and a large private terrace situated within a long colonnade of iconic columns. Cumberland Terrace is a neoclassical terrace situated on the Eastern side of Regents Park, designed by British royal architect John Nash built in 1826. This elegant lateral apartment provides spacious and elegant entertaining space, as well as having breath taking views across the communal gardens and over Regents Park. In addition, there is a self-contained one bedroom first floor apartment situated in Cumberland Terrace Mews, basement studio room, basement store room, single garage, further limited off street parking and excellent porterage.
Cumberland Terrace is beautifully finished and every detail has been taken care of, whilst also retaining and enhancing the array of period features that give this home so much character. Regent's Park itself offers a wide range of recreational facilities, including the Zoological Gardens, the open air theatre, Queen Mary's Gardens, the boating lake and tennis courts. Marylebone High Street, St John's Wood and Primrose Hill are located within a 1.2 mile radius, all of which can be reached by a stroll through the park.

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Stamp Duty Calculator

What level of Stamp Duty should you be paying? Use our Stamp Duty calculator tool to calculate the stamp duty charged on purchases of property in the UK.

Stamp duty rates (SLDT) on UK property transactions are linked to the price paid for a purchase.

Stamp duty is calculated over a number of different thresholds with clear delineation between the differing rates and is payable by the purchaser when buying a property, usually through the solicitor on completion of sale.

The rates for commercial property are different to residential and our calculator will offer guidance on residential property only.


STAMP DUTY FOR FIRST TIME BUYERS

A first time buyer is classified as someone who has never owned a residential property abroad or in the UK. Including leasehold properties. First time buyers cannot get stamp duty relief on buy-to-let properties and the purchase must be your only residence.

For first time buyers, a change to the stamp duty means that anyone buying their first home won't be liable for stamp duty if the purchase price is below £300,000.

Further relief is available for purchases up to £500,000 to help first time buyers in more expensive locations such as London.

Please note that our calculator factors in the location of the property and will calculate the first time buyer relief at £500,000.


STAMP DUTY WHEN BUYING A SECOND PROPERTY

In the 2015 autumn statement, the chancellor George Osborne announced that from April 2016 the SDLT (Stamp Duty Land Tax) would increase on any purchase of a second property.

The tax is applied to properties bought as a second home or a buy-to-let and will apply even if the property isn’t let out. However mobile homes, houseboats and caravans are classed as exempt. For most transactions the higher stamp duty will only apply to purchases of buy-to-let or second homes.

Someone who already owns a second home or buy-to-let, who plans to move house should also be exempt from the higher stamp duty rate, as the owner plans to replace their main residence.

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