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£1,000,000
Bedrooms
Bathrooms
This characterful authentic loft apartment is located within a beautifully restored 19th-century tea and coffee warehouse, tucked away just off City Road in the heart of the historic Moorfields Conservation Area.
Entering the apartment, you are welcomed into a spacious open-plan reception area, ideal for both relaxing and entertaining. The sleek, modern kitchen complements the open layout, enhancing the sense of light and space.
The upper level features a large principal bedroom with its own en suite bathroom, alongside a second double bedroom, a separate family bathroom, and direct access to a charming private roof terrace.
The apartment showcases classic loft features throughout, including impressive ceiling heights and original architectural details from the warehouse conversion.
Practical elements include secure ground-floor parking, bicycle storage, and a generous private storage area on the lower ground level all designed with contemporary lifestyles in mind.
Positioned between the sought-after areas of Clerkenwell, Islington, and Shoreditch, the property offers a perfect mix of historic character and vibrant city living.
Nearby attractions include the bustling Whitecross Street Food Market, Exmouth Market, and the eclectic scenes of Shoreditch and Hoxton all known for their diverse culinary and cultural offerings. The City and the Barbican Centre are within easy walking distance.
Excellent transport links are close at hand, with Old Street (Northern Line) just a short stroll away. Angel, Barbican, and Farringdon stations including access to the new Elizabeth Line are all within easy reach.
Map location is not available for this property.
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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