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.
- Terraced houses
- Allocated parking
Key features
- Exquisite Knightsbridge location, neighbouring Harrods
- Design-led architecture and craftsmanship
- Features in excess of 3,650 sq ft of luxurious accommodation
- Unique and exceptional amenities including cinema, gym, private garden terrace, lift
- Secure underground parking
- Please note, these images are CGIs and are for indicative purposes
Property description
In keeping with the refined elegance of the area, The Lancelot Collection Knightsbridge presents five lavish townhouses featuring sophisticated, contemporary interiors.
Description
The Lancelot Collection, is a boutique collection of five new build Knightsbridge houses located in close proximity to Harrods, one of the world’s most prestigious retail destinations.
A reimagining of the London terrace for the 21st Century, this new development represents an exceptionally rare opportunity to acquire a substantial property in one of the capital’s most coveted neighbourhoods.
The exterior building envelope is clad in traditional London Portland stone Masonry with bespoke cast iron ironwork to match. The interiors come with generously proportioned open plan living and kitchen areas framed by the floor-to-ceiling windows.
Each home features in excess of 3,650 sq ft of luxurious accommodation, arranged across four storeys above ground and three additional floors below. The exquisite interiors include five meticulously-designed bedrooms, a private media room and gym.
Location
This new collection of five elegant townhouses occupies a prime corner plot on Lancelot Place, a prestigious address just across the road from Harrods.
Known for its leafy garden squares, exquisite Georgian architecture and cosmopolitan atmosphere, Knightsbridge is widely considered to be one of London’s most desirable districts. Associated for generations with royalty and celebrity, this opulent oasis is home to some of the world’s finest boutiques, hotels and eateries.
Gourmands flock to Michelin-starred establishments such as Petrus by Gordon Ramsay and Dinner by Heston Blumenthal for their elaborate fine dining menus. Zafferano on Lowndes Street is considered the best Italian in the area, and Zuma on Raphael Street serves outstanding Japanese food.
Square Footage: 3,684 sq ft
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