2 bedroom apartment for sale

£1,455,000 Offers in excess of

2

Bedrooms

2

Bathrooms

1

Reception

Floorplan

Enquire now for the last few apartments with EXTRA DISCOUNT Principal Tower due for completion Q1 2019, this stunning residential tower is the first fully designed both inside and out, by world renowned Foster + Partners. Principal Tower is to become a new architectural landmark in central Londons iconic skyline. Situated on the 39th floor the apartment offers stunning South/West London views. Beautifully arranged to offer an open plan kitchen, dining and living space it also features a terrace. The development relishes at being in an prestigious location in the heart of the City of London; it is equally well placed to benefit from ease of access to the City as well as the restaurants, bars and shopping in Shoreditch. Residents also have privileges to spa facilities including; swimming pool, screening room, steam room, sauna and a Jacuzzi, along with a private lounge and bar for residents, a state-of-the-art gym, private cinema and a 24-hour concierge. We have used CGIs used for illustrative purposes only.
Principal Tower benefits from 5 major transport hubs within close proximity, making it convenient to access all corners of the capital with ease and speed, and is ideally located for access to fashionable Shoreditch and Hoxton, where there are many great restaurants and bars. Old Street, Liverpool Street, Aldgate and Aldgate East stations are all within 0.6 miles and provide excellent transport links on the Northern, Central, Hammersmith & City, Circle & District, and Metropolitan lines. London City Airport is an additional asset, being under 30 minutes away. All distances and times are approximate.

Nearest Stations:

0.23 miles
Shoreditch High Street
0.28 miles
Liverpool Street
0.45 miles
Moorgate
0.45 miles
Old Street
0.56 miles
Aldgate

Map location is not available for this property.

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

£ 1217075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 36375
  • 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

Adjust these figures

£

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

£ 125825
  • 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

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

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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