3 bedroom apartment for sale

£1,399,000

3

Bedrooms

1

Bathrooms

Floorplan

Behind a classic Islington faade, this two-bedroom apartment designed by OMMX Architects is a study in light, space and quiet elegance. Your private front door opens to a hallway with high ceilings that leads to a bright L-shaped living area combining kitchen, dining, and seating spaces. Sash windows and an exposed steel beam adds character alongside a Corian worktop and glazed panel that bring extra light inside.

Upstairs, two calm bedrooms and a refined bathroom with freestanding bath are joined by a top-floor single bedroom or study under the eaves, lit through a glazed roof. Storage is cleverly built in throughout under stairs, within wardrobes, and in the boarded loft.

Located minutes from Angel station, with Upper Street, Exmouth Market, and Kings Cross all within easy reach.

The Owners Love
'We always felt like we had the best of both worldsnestled in a peaceful, tree-lined street just minutes from the buzz of Upper Street
A True Hidden Gem in the Heart of the City'
'Theres something magical about walking through your own front doorhigh ceilings, original features, and light that shifts beautifully throughout the day. Its a home that feels warm and welcoming no matter the season'
'Well really miss our slow Sunday morningscoffee from Pophams, a wander through the farmers market, and picking up something indulgent from Ottolenghi or one of the delis on Camden Passage. Its an area that spoils you for choice'

Weve Noticed
The property benefits from a lot of natural light.
The famous Old Queens Head pub is just a short walk away.



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

£ 1168075

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

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
    £ 34975
  • 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

£ 118825
  • 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

£

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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