1 bedroom apartment for sale

£630,000

1

Bedrooms

1

Bathrooms

Floorplan

Beautifully appointed 1 bedroom luxury flat in a superb portered Grade 2 Listed building, formerly a gin distillery, designed around a canopied courtyard. Located just minutes from both Primrose Hill and Regents Park the flat has a modern fully fitted kitchen, large reception room with a floor to ceiling bay window with canal views and Amtico flooring. The bedroom has extensive built in wardrobes and this flat has allocated parking. Benefits of the building include communal gymnasium, sauna, and large communal balcony overlooking the canal & The Lock.

Gilbey House is a very quiet building and yet located just a short walk to one of Londons most trendy & vibrant areas, within a few moments walk from the world famous market, with all that has to offer including shops, food stands & stalls. A buzzing atmosphere with an eclectic and unique mix of people, one of the things that makes Camden the unique place it is. The area is also well known for its amazing & diverse restaurants, popular packed pubs and vibrant bars, unique shops and cafes. A short stroll west along the canal - are the wide green spaces of fashionable Primrose Hill and Regent`s Park, and nearby the charm of Primrose Hill Village, with Marylebone, Fitzrovia, Belsize Park & Hampstead not far away.

With Camden being one the most frequently visited parts of London, the transport links are well serviced. Camden underground station (Northern Line) takes you into Central London in only 14 minutes, Canary Wharf in 28 minutes and into The City, King Cross, St Pancras International (Eurostar) in 11 and is one of the few stations to run 24 hours a day. Not only does Camden have outstanding underground links it also boasts an over ground station.

Lease Approx. 183 years remaining
Local Authority Camden - Council Tax Band F
EPC Rating C
Service Charge 3,589.92 PA
Car Park Service Charge 401.78 PA
Reserve Fund1,260.00 PA
Ground Rent 100.00 PA

Major Works TBC



Features
  • Freehold

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Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 522450

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 15750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

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£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 49950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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