2 bedroom apartment for sale

£1,150,000 Guide Price

2

Bedrooms

2

Bathrooms

Council tax band: TBC
Tenure years left: 999
Annual ground rent: 350.00
Annual service charge: 1400.00

Stunning Two-Bedroom Duplex Apartment in a newly refurbished Edwardian Mansion Block.

A rare opportunity to own this beautifully refurbished two-bedroom duplex apartment, situated in a charming red-brick Edwardian mansion block on the highly sought-after Ogle Street, WC1. Bathed in natural light, this exceptional property blends classic elegance with modern luxury, offering a sophisticated and spacious living space in the heart of Fitzrovia.

Key Features:

Spacious Duplex Layout: Comprising a welcoming entrance hall, large reception room, separate contemporary kitchen, two generously-sized bedrooms, and a sleek marble-tiled bathroom with both a bath and shower.

The apartment has been meticulously finished to the highest standard, with premium fixtures and fittings throughout, including an entry phone system, Krieder-fitted kitchen units with striking coloured splashbacks, and Blanco taps.

High ceilings throughout enhance the sense of space and light, creating a truly open and airy feel to the home. A fantastic addition to the property, offering an outdoor space perfect for entertaining or relaxing in the warmer months.

Don"t miss the opportunity to make this exceptional apartment your new home. Contact our sales team today to arrange a viewing or for further details.

Prime Fitzrovia Location: This apartment is perfectly positioned in one of London"s most desirable neighbourhoods, with an array of trendy bars, restaurants, and cafes just a stone's throw away. It"s a short walk to several underground stations, providing fantastic transport links to all parts of London.

Map location is not available for this property.

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

£ 950200

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 28750
  • 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

£ 87700
  • 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

Adjust these figures

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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

Adjust these figures

  %

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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