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£1,895,000 Offers in excess of
Bedrooms
Bathrooms
The apartment has been finished to the highest standards. Accommodation comprises a reception room with open plan kitchen, principal bedroom with en suite bathroom and second bedroom, second bathroom. The development has a 24hour concierge, and for extra security, secure fob lift access to the specific floor. The residents of Nova benefit from a residents cinema, a residence lounge/ business suite, a gym and a communal roof garden.
The Nova Building is situated in the heart of Victoria and offers terrific opportunities for fine dining, delicatessen and specialist food shops. For instance, Nova Food brings a total of seventeen new restaurants making the area the new goto destination for Londons discerning diners. The property is in a great location, close to the amenities of Westminster and Victoria.
A wealth of cultural attractions are nearby, including Tate Britain, Westminster Abbey and the Houses of Parliament. Londons treasured Royal Parks, where you can skate, ride, run or relax and take in the historic landscape, are also just a short walk away.
The building is also ideally located for commuters travelling to the capitals business and finance districts or Gatwick airport.
Nearby transportation links include London Victoria Station (Circle, District and Victoria Lines) 0.1 miles and London Victoria Station (Gatwick Express, South Eastern and Southern services) 0.4 miles, St. Jamess Park Underground Station (Circle and District Lines) 0.6 miles, Westminster Underground Station (Circle, District and Jubilee Lines) 1.0 miles. All distances are approximate.
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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