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£595,000
Bedrooms
Bathrooms
PUBLIC NOTICE
ADDRESS: Flat 93, Dance Square, London, EC1V 3AL
We are acting in the sale of the above property and have received an offer of 570,000
Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place
EPC Rating: B
Kings Group are delighted to present this modern two bedroom apartment located within walking distance to Old Street Station. The property benefits from a large open plan living area with modern fitted kitchen leading to private balcony over looking a luxurious communal garden, two double bedrooms, three piece family Shower suite and storage space in abundance. The apartment is located on the second floor (Lift Access) and further benefits from a 24 hour concierge service.
The property is walking distance to Old Street, Shoreditch and the City Of London. Dance Square is very well connected and located via Pear Tree Street which is east of Goswell Road and runs Through to Central Street. The property is approximately 10 minutes walk to Old Street Underground Station (Northern line and Mainline services to Hertfordshire) and is also closely located to Barbican (Hammersmith and City, Metropolitan and Circle lines).
Council Tax Band F
Lease - 113 Years Remaining
Ground Rent - Awaiting
Service Charge - 258.89 Per Month
Flood Risk - Rivers & Seas: Very Low, Surface Water: High
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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