North Gate, Prince Albert Road, NW8

£4,500,000
3 Bedrooms 3 Bathrooms 1 Reception

Situated on the favoured East side of St John's Wood is this stunning fourth floor interior designed apartment (1817 sq ft / 169 sq m) located within one of St John's Wood's finest period mansion blocks. The property has just been comprehensively refurbished to the highest of specifications and offers an abundance of versatile accommodation, ideal for entertaining and stylish family living. The apartment comprises THREE DOUBLE BEDROOMS, three luxury en-suite bathrooms, an exquisite double reception room, a stunning modern kitchen, utility room, walk in wardrobe to the master bedroom and fitted wardrobes throughout. North Gate also provides first come first served residents parking, 24 hour uniformed porterage, passenger lift and communal garden. This beautiful home has so much to offer; benefiting from top of the range appliances, air conditioning, lutron lighting, a mix of marble and wooden flooring, high ceilings and stunning southerly VIEWS towards Regent's Park. North Gate is situated in a highly desirable and prominent position in St John's Wood, being just a stone's throw from the many shopping amenities and restaurants of St John's Wood High Street and underground (jubilee line), as well as close proximity to the local elite schools. This level of quality and prestige is extremely rare to find.

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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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