55 Park Lane, Mayfair

55 Park Lane, Mayfair W1K

SOLD £ 3,150,000

Situated in London's prestigious 55 Park Lane is this well-presented two bedroom two bathroom apartment (1,151sq ft / 106sq m). In brief, this Mayfair residence consists, two double bedrooms both with en-suite bathrooms, separate kitchen and well-proportioned reception and dining room. Residents of 55 Park Lane benefit from the buildings 24-hour concierge service, security and optional underground parking. It is located opposite Hyde Park, moments from Mayfair's exclusive shopping district on Mount Street.

Sales Manager: Robert Cox
T: +44 (0) 207 409 9047
E: robert.cox@harrodsestates.com
Mayfair Estate Agents
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STAMP DUTY BREAK DOWN

STAMP DUTY BREAKDOWN

Since 4th December 2014 Stamp Duty Land Tax on Residential Property purchases changed with increasing percentage thresholds to pay depending on the price agreed. Our table below shows you the full amount due at the bottom, with a breakdown of the contribution from each tier displayed for clarity.

From 1st April 2016, an additional 3% is added to the Stamp Duty of properties that result in you owning a Second Home or Buy to Let. This new rate can also apply in some other circumstances, if the transaction results in you owning more than one home once the transaction completes. If this situation could apply to you, please check the tick box below to re-calculate the Stamp Duty.

For the latest information on calculating your Stamp Duty, including learning which rate you might qualify for, please visit Gov.uk.
Please note the information provided here, is to serve as a guide only, and is not Financial Advice.

Price bands Percentage rate Due
Up to £125,000 0% £0
Above £125,000 to £250,000 2% £2,500
Above £250,000 to £925,000 5% £33,750
Above £925,000 to £1,500,000 10% £57,500
Above £1,500,000 12% £198,000
Total 9.26% 9.26% £291,750
Price bands Percentage rate Due
Up to £125,000 3% £3,750
Above £125,000 to £250,000 5% £6,250
Above £250,000 to £925,000 8% £54,000
Above £925,000 to £1,500,000 13% £74,750
Above £1,500,000 15% £247,500
Total 12.26% 12.26% £386,250

If you would like to learn the price for another amount, please click the link to be transferred to the
hmrc.gov.uk calculator

Specification

  • 2 Bedrooms
  • 1 Reception Room
  • 2 Bathrooms
DOWNLOAD BROCHURE (PDF)
STAMP DUTY BREAK DOWN

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