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£725,000
Bedrooms
Bathrooms
This impressive 750 sqft one-bedroom apartment in Willoughby House has been sympathetically modernised while retaining much of its Barbican character.
The spacious reception room is a real highlight, offering plenty of room for both relaxing and dining, with views from the private balcony towards the new Guildhall School of Music and Drama.
The semi-open plan kitchen is sleek and contemporary, fitted with white gloss cabinetry, integrated appliances and a Quooker boiling water tap. The apartment also benefits from the original separate cloakroom-now updated with a modern sink-as well as a large bathroom, stylishly refurbished with new tiling and a walk-in shower.
A particularly useful feature is the dressing area, positioned between the bathroom and bedroom. This versatile space adds both practicality and comfort, perfect for wardrobes, storage, or study.
Perfectly located, Willoughby House sits within easy reach of Moorgate and Barbican Underground stations, with Liverpool Street also close by. The Barbican Arts Centre, with its cinemas, theatre, concert hall, gallery, library, bars and restaurants, is just moments away along the iconic covered podium.
'EXTENDED Lease: 171
'Ground Rent: 10 per annum
'Local Authority: Corporation of London
'Service charge: TBC
Vendors Comments
'I have loved living in Willoughby House. There have been so many unexpected aspects of living here that I have found so beneficial. Of course, life on the Barbican estate is a unique experience. Having everything the Barbican Centre has to offer (and it is a lot) at your fingertips makes life here a real joy. Having the luxury of deciding to attend a concert or play ten minutes before it starts is wonderful - and getting home in less than five minutes is a huge bonus. Every day becomes a weekend.
The Guildhall School of Music and Drama is opposite, and this wonderful space has a great programme, much of it free. Living in this corner of the estate has so many benefits. I feel like I live in a mini-Manhattan and I like the city views from my flat. Its a quiet corner of the estate, and being surrounded by tall buildings means its sheltered from the weather. The plants on the balcony have thrived. Its a warm and cosy flat in the winter months, and in the summer it remains cool, even in the hottest weather.
Convenience is a major benefit here. Its one minute to Moorgate and its many underground routes including the Elizabeth line - just two stops to the West End, though I prefer the 30-minute walk. This part of the Barbican is so convenient for the shops of Liverpool Street, Cheapside and the beautiful area around St Pauls Cathedral. The gym is 70 yards away and Moorgate itself has all the essential shops needed. The local M&S department store and food hall is over the road, and Waitrose is a short walk away.
I have enjoyed popping down to the private residents gardens with a blanket and a cushion, and I never tire of walking around the podium. The City of London is ever-changing and I have enjoyed watching new buildings quickly evolve, the pocket gardens come to life and the greening of the urban landscape. I also enjoy sitting amongst the wonderful planting in Finsbury Circus, which has had the most beautiful makeover.
Living here has been so much more than I expected. Convenience, culture and community mean it really is a great place to call home.'
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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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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