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£9,900,000
Bedrooms
Bathrooms
Reception
This stunning duplex penthouse comprises of approximately 2,855 sqft offering open plan living/kitchen room, 3 en-suites and 1 powder room and a terrace. This stunning 3 bedroom, apartment as some of the most amazing views in the city. Principal Tower, designed by Foster + Partners, is the landmark residential tower within Principal Place, a mixed-use development on the edge of the City of London in the borough of Hackney. Completed the tower is a 175 meters high, elegant structure containing over 280 apartments arranged over 50 floors. Principal Tower offers a variety of apartment sizes including one, two and three bedroom units, plus a single, spectacular duplex penthouse on the very top. The dual aspect design by Foster + Partners is used for nearly all the units delivering light and spacious residences. Almost every apartment has its own curved balcony affording sweeping views of London. There is marble, pale wood and bronze detailing in Principal Towers apartments which fuses the classic sophistication of the financial district with the creative, industrial aesthetic of Shoreditch.The tower has been designed to target the Code for Sustainable Homes Level 4 and featuring a combined heat and power plant, roof mounted photovoltaic panels and grey water harvesting.Residents of Principal Tower have access to an onsite gym and spa, residents bar, a lap pool and a screening room. The tower has a stylish reception lobby housing a 24hr concierge and there is an underground bicycle storage facility as well as parking opportunities, subject to contract.Principal Place extends onto a tree lined piazza with shops, restaurants, bars and a commercial building with retail space.
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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