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106 St. John Street, Farringdon London
£875,000 Guide Price
Bedrooms
Bathrooms
Set in the Grade II listed Blake Tower of the iconic and Brutalist Barbican Estate is this stunning two bedroom apartment on the seventh floor.
Offering a luxurious finish throughout, the space comprises a dual aspect open-plan reception/diner with a contemporary kitchen, a spacious primary bedroom with large built-in wardrobes, a dressing area and an ensuite shower room, a second bedroom used as a childs bedroom and home office and a family bathroom with a walk-in shower.
The Barbican benefits from access to a public sports centre with tennis courts, a swimming pool and is located just a short walk to Clerkenwell, Shoreditch and The City with the many bars, restaurants and shops that they offer.
The nearest tube stations include the Barbican, Moorgate, St. Pauls and Mansion House offering access to the Circle, Hammersmith and City, Metropolitan, Northern, Central and District lines. Farringdon, National Rail and the new Elizabeth line is also located within a short distance.
There are numerous local services and amenities within walking distance whilst Waitrose, Marks and Spencer and Tesco are also nearby. The Smithfield Market and Clerkenwell areas boast some of the trendiest cafes, restaurants and clubs in London.
The property comes with the added bonus of a 2 square meter storage room in the basement.
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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