2 bedroom apartment for sale

£1,030,000

2

Bedrooms

1

Bathrooms

Floorplan

PLEASE QUOTE ASP ID: 52344

Ground rent: 500 per annum
Service charge: 3.46 per sq/ft
Council Tax Band: F
Ground Floor

Nearby Transport Links:
Kings Cross St Pancras Station (5 min walk) Underground (Victoria, Piccadilly, Northern, Circle, Hammersmith & City, Metropolitan), National Rail, and Eurostar
Euston Station (10 min walk) National Rail, Northern and Victoria lines
Russell Square Station (12 min walk) Piccadilly line
Angel Station (15 min walk) Northern line
Farringdon Station (15 min walk) Elizabeth, Circle, Hammersmith & City, and Metropolitan lines

This spacious and contemporary 2-bedroom, 2-bathroom duplex is located in the highly sought-after Hand Axe Yard, just a 5-minute walk from Kings Cross St Pancras, one of Europes largest transport hubs.

The property features a bright and airy open-plan living area with floor-to-ceiling windows, elegant oak veneer wooden flooring, and a luxury fitted kitchen with integrated appliances. Both bedrooms are generously sized with built-in storage, while the two stylish bathroom suites offer a modern and sleek finish.

Key Features:
5-minute walk to Kings Cross St Pancras & Eurostar terminal

Spacious open-plan living area with floor-to-ceiling windows

Modern kitchen with high-end integrated appliances

Two beautifully designed bathroom suites

Concierge service & residents-only gym

Close to local shops, cafes, bars, and supermarkets

Offered furnished



Nearby Universities:
University College London (UCL) 15 min walk

London School of Economics (LSE) 20 min via transport

Kings College London 15 min via transport

SOAS University of London 12 min walk

City, University of London 15 min walk

This stunning duplex offers a prime central London location with exceptional connectivity, making it perfect for professionals, students, or investors.

Reception 1

Kitchen

Bedroom 1

Bedroom 2

Bathroom 1

External

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

£ 845200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 25750
  • 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

£ 72700
  • 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

  %
  %
£
  %

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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