Formosa Street, Maida Vale, W9

£3,400,000
6 Bedrooms 3 Bathrooms 2 Receptions

* Virtual Tour * A rare opportunity to acquire this attractive, mid terraced, part stucco fronted period house (2641 sq ft / 245 sq m) located on a quiet residential street in the heart of Little Venice which has been in the same ownership for 40 years. This Victorian property is currently divided in two 3 bedroom apartments, with potential to convert into four apartments or a single house thereby creating a substantial family home.

The ground and lower ground floor maisonette, which has its own entrance, comprises a reception room with feature fireplace, separate kitchen, three spacious double bedrooms, two bathrooms and benefits from high ceilings, access to a paved courtyard at the front and French doors leading to a west facing garden at the rear. The first and second floor maisonette is accessed via the main entrance and comprises three bedrooms, reception room with high ceilings, fully fitted eat-in kitchen, family bathroom and a further guest cloakroom.

Overall, the house offers bright and airy accommodation throughout with expansive entertaining areas whilst boasting a mixture of contemporary amenities with original period features. Formosa Street is conveniently located close to the shops, bars and restaurants of Little Venice, Warwick Avenue, Bristol Gardens and along the Grand Union Canal. The property is well connected with transport links at Warwick Avenue (Bakerloo Line) and Paddington mainline stations together with a network of local bus services serving the surrounding area. Freehold. Chain free.

Interested in this property? Call us on 020 7722 2223 or

Arrange a Viewing

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.

£