Tenure
Knowing the tenure of the property is important because it affects your rights to use the property and the costs of ownership.
Freehold means you’ll own the property and the land it's built on. You'll usually be responsible for the maintenance of the property and have more freedom to alter it.
For flats and maisonettes, the freehold is sometimes shared with other properties in the same building. This is known as a share of freehold.
Leasehold means you'll have the right to live in the home for a set amount of years (specified in the lease). The landlord (the freeholder) owns the land, and if the lease runs out, ownership of the property will go back to them. Lease lengths that are less than 80 years tend to be more complicated and can cause issues with mortgage lenders.
You can extend a lease but this can be expensive. If you'd like to make changes to the property, you'll likely need the landlord’s permission. You're also likely to have to pay an annual amount for ground rent and services charges which can be subject to change. It is good practice to check additional leasehold costs that will apply to the property and factor this into your budget considerations.
Shared ownership is a form of leasehold in which you buy a percentage of the property and pay rent on the share you do not own. You may be able to buy the remaining share at an extra cost. When you wish to sell the property, you may need permission to do so.
Commonhold is a type of freehold ownership for a property that's within a development. A commonhold or residents’ association owns and manages the common parts of the property (like stairs and hallways). You'll need to join the commonhold association and contribute towards maintaining the development. It is good practice to check additional costs that will apply to the property and factor this into your budget considerations.
Lease length
What it is
This is the number of years you have the right to live on this property. After this time, ownership goes back to the landlord (the freeholder).
Why it’s important
Properties with short lease lengths (80 years or less) can decline in value as they are less appealing. Mortgage companies may also be less willing to lend on it. You can extend the lease, but costs can be expensive, particularly for those properties with less than 80 years left on the lease. You should confirm the length of the lease and factor in these issues when buying a leasehold property.
Contact the agent for more details.
Key features
- Located directly opposite Holland Park
- Four buildings centred around a leafy landscaped courtyard
- Bespoke 5* star hotel level service from Saint Amand, Lodha’s exclusive hospitality group
- Please note, images are computer generated and are indicative only
- Automated parking system with electric vehicle charging
- High ceilings and generous proportions
- 25m swimming pool, sauna & steam rooms
- Private treatment rooms with therapies provided
- Gym and yoga studio
Property description
Situated on vibrant Kensington High Street, with Holland Park’s 54-acres and the Design Museum over the road, Holland Park Gate boasts one of the most sought-after locations in West London.
Description
Holland Park Gate is a world-class collection of 71 apartments and penthouses, centred around a leafy landscaped courtyard designed by award-winning designer Andy Sturgeon.
Once an Art Deco cinema, Holland Park Gate's striking façade looks over the entrance to London's famous Holland Park and the Design Museum.
Residents will benefit from state-of-the-art amenities including a Health Club & Spa, crafted in partnership with Italian designer Piero Lissoni, which will offer a sleek, tranquil haven from city life and will be managed by Lodha’s in house concierge team, Saint Amand.
Location
Few addresses in London combine a postcode this central with such easy access to renowned green spaces. Holland Park is directly opposite, with Hyde Park’s Kensington Palace entrance a soothing stroll away.
Once an Art Deco cinema known as "The Kensington Kinema", the building first opened in 1926 and continued to host red carpet premieres attended by Hollywood actors such as Ralph Fiennes and Kate Winslet right up until 2015. Due to its prominent location in the Royal Borough, it was also a favourite with various members of the royal family, including Princess Diana.
Conveniently connected to both Heathrow and Gatwick airports, the development also overlooks Holland Park’s 54 manicured acres.
Quiet corners such as historic Kensington Church Walk and Holland Park’s Kyoto Garden offer a peaceful contrast while much-loved bistro Maggie Jones - once a favourite with Princess Margaret - is your new local.
Leasehold with approximately 997 years remaining.
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