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£1,250,000
Bedrooms
This exceptional 1,264 sq ft authentic loft apartment is situated in a beautifully converted 19th-century tea and coffee warehouse, nestled just off City Road within the historic Moorfields Conservation Area.
The loft has been meticulously refurbished to a high standard by the current owners, blending modern design with the buildings rich history.
Upon entry, youre greeted by a spacious hallway featuring bespoke storage solutions and a convenient utility cupboard. The expansive, light-filled reception room boasts original solid wood flooring, creating an inviting atmosphere. The contemporary open plan kitchen maintains the open, airy feel of the living space.
Upstairs the apartment offers a generously sized main bedroom with an en suite bathroom and office/studio space, a second double bedroom, and access to a beatiful roof terrace.
Throughout the apartment, the loft benefits from striking high ceilings, and original Victorian features, complemented by stylish modern design touches.
Additional conveniences include secure parking and bicycle storage on the ground floor of the building and a large storage solution on the lower ground level, ensuring practical solutions for modern living.
The property is ideally positioned between the vibrant neighborhoods of Clerkenwell, Islington, and Shoreditch, offering the perfect balance of urban living and heritage charm.
Local amenities include Whitecross Street Food Market open for lunch on weekdays, Exmouth Market, Shoreditch, and Hoxton, with their excellent shops, restaurants and nightlife. 'The City' and Barbican Centre is a short walk to the south.
The closest Underground stations is Old Street (Northern Line), Angel, Barbican and Farringdon stations including new Elizabeth Line are all within few minutes walking distance.
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.
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