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£280,000
Bedrooms
Bathrooms
Nestled in the heart of vibrant Chinatown, this delightful 1-2 bedroom apartment occupies a period building dating back to 1931, offering a rare opportunity to combine historical charm with the potential for modernisation. Retaining its original features, the apartment boasts impressive high ceilings, elegant bay sash windows, and a grand fireplace, all of which enhance its character and appeal.
The standout feature of this home is its expansive 42-foot-long roof terrace garden, providing a private outdoor retreat with panoramic viewsa perfect space for outdoor entertaining, relaxing, or simply enjoying the cityscape.
While the property would benefit from some modernisation, it is brimming with potential. The current owners have already added significant value by replacing the roof in 2020, ensuring the property is in great shape and ready for the next phase of transformation.
Perfectly positioned, this apartment offers the best of both worlds: a tranquil, character-rich home in the midst of one of the citys most dynamic neighborhoods. Enjoy the convenience of being within walking distance to the city centre, with excellent transport links to London just moments away, making it ideal for commuters or those seeking easy access to the capital.
This property represents an exciting opportunity for those looking to invest in a central location with immense future potential. Whether you are seeking a project to personalise or simply looking to own a piece of history in Chinatown, this apartment is not to be missed.
EPC rating: E. Tenure: Leasehold, Service charge description: 60 Years remaining on the lease, Length of lease (remaining): 59 years 9 months,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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