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106 St. John Street, Farringdon London
£1,250,000 Offers in excess of
Bedrooms
Bathrooms
PRICED TO SELL!
This is a stunning two bed, two bathroom warehouse apartment in the heart of Clerkenwell/Old Street.
Offering in excess of 1400 square feet, this beautifully presented warehouse apartment boasts amazing natural light throughout the stunning lounge space which leads seamlessly into a gally kitchen with Miele products, breakfast bar, and a Juliet balcony. The larger wooden floorboards and high ceilings epitomes the warehouse style that Clerkenwell and Shoreditch are renown for. The flat further benefits from a triple aspect to the large lounge and has a storage/utility room off the hallway. Then there is a primary bedroom with a spacious en-suite bathroom, second bedroom with built-in wardrobes, and a large second three piece modern bathroom suite which could easily be re-arranged to allow a more sizable second bedroom.
Offered with no onward chain and with off-street, gated parking on a separate lease, this property has been lovingly owned by the first occupant of the entire building over 20 years ago when the conversion took place. Furthermore, the external faade of the building has recently benefited from a S20 meaning any future owner is taking the property on with a clean bill of health.
Ironmonger Row is moments away from the beautifully renovated Roman Spa/Gym, communal gardens of St Lukes Church, which is home to the LSO and transport links which include Barbican, Old Street, and Farringdon which offer access to the Elizabeth, Northern, Hammersmith and City, Metropolitan lines and national rail services making access to Gatwick, Heathrow, Luton, and Kings Cross St Pancras a breeze.
Clerkenwell was voted the #1 place to live in London by the BBC last year and offers access to a number of boutique cafs, gastro pubs, and Micheline starred restaurants.
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.
106 St. John Street, Farringdon London
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