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106 St. John Street, Farringdon London
£750,000 Offers in excess of
Bedrooms
Bathrooms
Moments from The City this spacious two bedroom apartment has a verdant outlook is an ideal stepping stone onto the ladder for the successful young business person.
Totalling approximately 921 square feet, this split-level apartment comprises a bright lounge/dining room with floor-to-ceiling windows and sliding doors leading out to a balcony overlooking the courtyard and the historic Bunhill Fields. A fully integrated galley kitchen is positioned behind the lounge whilst at the foot of the stairs is a shower room and sizeable primary bedroom with built-in wardrobes. Upstairs to the entrance floor is a secondary bedroom and separate shower room.
The property has recently been re-carpeted and re-painted throughout making this an ideal turnkey ready property. The Lexington Apartments benefits from a 24-hour concierge, secure gated access, manicured communal gardens, a residents gym, bike storage, and an A1 rated EWS1. The flat also comes with allocated underground parking.
Old Street is home to some of the citys most innovative start-up tech companies whilst The City is a short stroll down the road if someone wants to be near the finance district. The countless bars and restaurants of Shoreditch are also moments away making this ideal for those who look to enjoy the work hard, play hard mantra.
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.
106 St. John Street, Farringdon London
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