North Gate, Prince Albert Road, NW8

£3,075,000
4 Bedrooms 3 Bathrooms 3 Receptions

* Video Tour * An exceptional four bedroom apartment (2445 sq ft / 277 sq m) situated on the raised ground floor of one of St Johns Wood's most prestigious red brick mansion blocks with 24 hour porters. The flat is comprised of an impressive double reception room, a separate 20'ft dining room, a large kitchen and a well proportioned semi-open plan breakfast room. The 19' ft master suite benefits from a dressing area and a spacious en-suite bathroom, there are three additional double bedrooms, two further bathrooms (one en-suite) and a guest cloakroom. Featuring spectacular ceilings heights throughout and a wealth of period charm, this well planned apartment is the ideal family home and is perfect for entertaining. The property is offered in excellent decorative condition throughout and benefits from a long lease and a share of the freehold. Gated parking is available on a first come first served basis. North Gate is located on the renowned Prince Albert Road, directly opposite the open green spaces of Regents Park as well as being a stones throw away from the stylish boutiques and eateries of St Johns Wood High Street. St Johns Wood underground Station (Jubilee Line) is within walking distance. Sole Agent.

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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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