Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£890,000
Bedrooms
Bathrooms
Sensational loft on the first floor of this former furniture warehouse boasting exposed brickwork, original wooden floor, and beautiful large windows.
This bright corner aspect loft comprises of a large reception room with big beautiful windows, a bespoke smart kitchen, and large bedroom with ensuite bathroom - accessible also from main corridor. In addition, outstanding wardrobe and storage solutions have been crafted.
Butler House was a textiles factory built after World War I that housed an array of cabinet and furniture-making companies over the years before being converted in the 1990s. It was built on or close to the site of the Seabrook Brothers motors factory - a highly regarded specialist manufacturer of motor car and motorcycle accessory.
With the lively Shoreditch and Hoxton within striking distance, the apartment is ideally located for the juxtaposition of work and 'play' in one of the most appetible eclectic area of East London with some of Londons best bars, restaurants and high-end retailers, including Shoreditch House, Rochelle Canteen, Dishoom and Boundary Project, a former Victorian warehouse, comprising a rooftop bar. Brick Lane, Spitalfields, Broadway and Columbia Road markets are all a short walk away.
Liverpool Street, Moorgate and Old Street Underground stations are all within a ten-minute walk distance.
Nearby Shoreditch High Street station also provides access to the London Overground Line running to Highbury & Islington and Dalston Junction in one direction and Peckham /Clapham Junction in the other.
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 )
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
