2 bedroom flat for sale

£1,250,000

2

Bedrooms

1

Bathrooms

Floorplan

Set on the fifth floor of a sought-after development in the heart of the Shoreditch Triangle, this immaculately presented two-bedroom apartment spans an impressive 1,100 sq. ft. and comes with secure underground parking.

Designed for modern living, the apartment boasts a bright and expansive south-facing reception room with breathtaking city skyline viewsan ideal space for entertaining. The contemporary U-shaped kitchen, complete with a sleek breakfast bar, seamlessly integrates into the living area, creating a perfect social hub.

Upon entry, a generous hallwayaccessed via a striking double-width doorwayoffers ample space for coats and shoes, enhancing both convenience and style. The principal bedroom features a bespoke walk-in wardrobe, while the second bedroom is a spacious double. A well-proportioned modern bathroom and a large storage cupboard ensure the apartment remains tidy and clutter-free.

Offered to the market chain-free, this exceptional home also features preferred access to a Nuffield Health gym and 25m swimming pool in the building.

Situation

1-6 Batemans Row is perfectly positioned to enjoy Shoreditchs vibrant atmosphere, with an array of top-tier restaurants, coffee shops, independent retail and lively bars just moments away. Columbia Road, Brick Lane, and Spitalfields Market are all within easy reach, while the Citys financial district is also close by.

This vibrant neighbourhood is renowned for its creative energy and diverse cultural offerings, making it a highly desirable place to live.

Transport links include Old Street (Northern Line and National Rail), Shoreditch (East London Line) and Liverpool Street (Central, Metropolitan, Hammersmith & City and Circle lines and National Rail) stations with the City, Brick Lane & Spitalfields just moments away.

Property Ref Number:

HAM-57176

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

£ 1037700

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
    £ 31250
  • 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

£ 100200
  • 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

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