- Westminster flat up for £700k has a £21,000 a year service charge with it
- This would up monthly payments by 50% on top of mortgage to north of £5,590
A two bedroom apartment which has gone up for sale in posh St John’s Wood in London for £700,000 comes with a whopping £21,000-a-year service charge.
The 1,134 square foot penthouse apartment is on the seventh floor of purpose-built block Aspley House in the City of Westminster.
A buyer who put down a 10 per cent deposit for a 25 year mortgage would fork out £3,794 a month in repayments according to Rightmove, where the property is being advertised.
But the pricey £21,438.46 annual service charge – £1,786.54 a month – plus the £120 yearly ground rent, ups monthly payments by nearly 50 per cent – to north of £5,590.
For the charge the new owner will have use of a 24/7 porter service, an allocated gated parking space and access to communal gardens.
A two bedroom apartment in Aspley House (pictured) which has gone up for sale in posh St John’s Wood in London for £700,000 comes with a whopping £21,000-a-year service charge
The flat comes with a spacious reception area, which would be perfect for guests and relaxing
The property has two decently sized bedrooms, the first of which (pictured) is 12’8″ by 12’2″
The central London flat, which only has 57 years left on the lease, is situated on the corner of Finchley Road and Marlborough Hill and within just 100 metres of St John’s Wood Underground Station on the Jubilee Line.
‘The flat boasts a wonderful double aspect reception which opens up to a south facing roof terrace with far reaching views,’ say estate agents Laurence Leigh Residential.
The advertised price of the penthouse flat was reduced just this Tuesday, March 26, indicating the sellers may be having difficulty selling it due to the lofty service charge.
The property has two decently sized bedrooms, the first of which is 12’8″ by 12’2″. The second smaller bedroom is 11’7″ by 9’9″.
The larger bedroom has an en suite bathroom and the smaller has an ensuite shower room.
There is also a small guest cloakroom at the entrance to the apartment.
The 535 square foot reception room is a good size for entertaining guests and relaxing
The kitchen, while not particularly modern, appears entirely serviceable and is of a fair size.
The kitchen, while not particularly modern, appears entirely serviceable and is of a fair size
The London flat has a south facing roof terrace with far reaching views (pictured)
