Clerkenwell Road, Clerkenwell, EC1

1 /2
Available / For Sale

2 bedroom apartment for sale

£850,000 Offers over

2

Bedrooms

2

Bathrooms

Floorplan

Built in 1933, the buildings street-facing faade exhibits a smart, post-industrial profile of red-brick, punctuated by large sections of glazing, across four storeys. The internal aesthetic of the apartment wears the hallmarks of warehouse living in a clean and understated style.

The plan is configured around a large open-plan living space, bathed in natural light by south-facing Crittal windows. A contemporary kitchen with breakfast bar and is positioned to one side of the adjoining dining area, which in turn, flows out into the living room. These spaces have wooden floorboards underfoot and high ceilings.

A pair of glazed doors separate these living quarters from the sleeping accommodation. Both double bedrooms are generously proportioned and have large Crittal windows overlooking St Pauls in the distance and the grounds of the Charterhouse Building in the foreground; a peaceful enclave established in 1348, which has been used variously as a monastery, private mansion and now as alms-houses. There are two bathrooms, one bath and one shower room, positioned at the far end of the plan.

Located on Clerkenwell Road close to the junction of St John Street this wonderful authentic loft apartment is in the heart of Clerkenwells loft district.

Farringdon underground and main line station is a short stroll away with access to the Circle, Metropolitan and Hammersmith and City lines, National rail as well as the Elizabeth Line. In fact, it is one of the only stations in London that offers north-south as well as east west connections, making the city, Canary Wharf and Londons west end easily accessible, not to mention easy access to Kings Cross - St Pancras with its Eurostar terminus.

Clerkenwell first became a fashionable place to live in the 17th century as a destination where Londoners enjoyed tea gardens, theatres and spas: in fact, you can still see part of Clerks Well after which Clerkenwell was named. The area later became famous as a centre for clock and watchmaking alongside the jewellers and goldsmiths of Hatton Garden.

It remains one of the best-preserved village centres in central London a vibrant modern community with a fascinatingly rich history.

Clerkenwell is renowned for the quality and variety of its bars, pubs and restaurants. Nearby Exmouth Market, Covent Garden and Soho are all within walking distance. The Barbican Centre, with its world-class cultural programme of cinema, music, theatre, talks and exhibitions, is a few minutes walk from the house. Smithfield is moments away and under proposals by Studio Egret West, plans are afoot to convert the Smithfield East and West Market buildings into a food education centre and a cultural and entertainment space respectively, and a site for the relocation of the London Museum.

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

£ 703950

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

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
    £ 21250
  • 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

£ 66450
  • 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

Adjust these figures

  %
  %
£
  %

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

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message