2 bedroom penthouse for sale

£709,950

2

Bedrooms

1

Bathrooms

Floorplan

We are delighted to offer for sale this quite outstanding contemporary penthouse apartment with exclusive lift access to the Penthouse level (4th Floor) and offering stunning views from the generous terrace.
Positioned enviously near to Tufnell Park Underground Station and close to the hustle and bustle of local boutique shops, exciting restaurants, bars and cafes, the apartment is also within a short stroll, or jog to the open spaces of Parliament Hill Fields.
A luxury, high quality finish adorns the apartment with the lounge space featuring floor to ceiling windows allowing natural light to flood into the well planned living space, sliding double glazed doors give access to a decked private terrace, where great views can be enjoyed. All other rooms feature large double glazed windows
The bespoke kitchen is finished to an exceptional standard and offers top quality worktops and fully fitted appliances, whilst the bathroom is finished in high quality porcelain tiling.
This beautifully crafted apartment must be seen to be appreciated. Remaining lease approximately 946 years.

Entrance Hall -

Lounge - A superbly light and airy, generously sized living space, with floor to ceiling double glazed windows and doors giving access to the private terrace and Amtico style flooring.

Open Plan Kitchen - An excellent bespoke kitchen finished to an exceptional standard, offering top quality worktops and fully fitted appliances

Bedroom One - A generous master bedroom with Amtico style flooring and double glazed windows offering superb views.

Bedroom Two - Bedroom with Amtico style flooring and double glazed windows offering superb views.

Bathroom - Superb, modern bathroom finished in high quality porcelain tiling.

Roof Terrace - An extensive private terrace with amazing views, accessed through double glazed doors from the reception room.

Additional Information - PARKING: THIS PROPERTY DOES NOT QUALIFY FOR A PARKING PERMIT FROM THE LOCAL AUTHORITY
Islington Council
Council Tax Band - D
Lease - 999 years from 29/09/1972
Service Charge - 250pm
Ground Rent - 350pa



Features
  • Freehold

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 588408.75

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 17748.75
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 55946.25
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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