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£600,000
Bedrooms
Bathrooms
Located on the second floor of this former Print House,this dual aspect, lateral conversion draws in an abundance of natural light from the East/West facing aspect, framed via charming Crittall windows. Presented in excellent order with neutral decor, this apartmnet provides a rarely available hassle free purchase.
A central hallway provides access to each ot the rooms as well as providing built in storage cupboards (one housing the boiler). A contemporary bathroom with underfloor heating offers a modern suite with a shower and screen over the bath, whilst the adjacent bedroom boasts ample fitted wardrobes. The remaining half of the apartment is occupied by a large, 26 dual aspect open plan kitchen / dining/ living space, ideal for entertaining.
Situation
Ideally placed for quick and easy access to the financial district and various institutions with St Pauls Cathedral and One New Change both within close proximity. A variet of transport links include Blackfriars (District and Circle Line), St Pauls (Central Line), Mansion House (District and Circle) and the Elizabeth Line which is found at Liverpool Street and Farringdon stations. Carter Lane is a popular location with a vast array of bars, restaurants and pubs on offer, just a short stroll across the Millennium Bridge to South Bank making fro the perfect home for anyone seeking culture, convenience and an area steeped in history.
Property Ref Number:
HAM-56673Your 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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