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106 St. John Street, Farringdon London
£1,250,000
Bedrooms
Bathrooms
A rare chance to obtain a large four bedroom, two bathroom warehouse conversion with a large terrace, in need of modernization.
Boasting in excess of 1,500 square feet this property has the bones to be something truly unique and special. With high ceilings, large sash windows with lots of natural light, and a sense of space throughout, this is ideal for someone looking to put their own stamp on a flat.
The property offers four double bedrooms, the primary of which has an ensuite, there is a WC off the entrance hallway and a separate family bathroom. There is a sizable terrace which will make the space ideal for those who like to entertain.
Located conveniently within half a mile to several transport links, including Old Street Station and the 'Silicon Roundabout', Farringdon and its array of bustling bars, restaurants and markets, as well as Barbican Station and of course The Barbican Centre for Arts are also under a mile from the property. The City and West End are easily accessible as is Kings Cross and St Pancras International.
This property is priced to sell and is offered chain free.
''Please note furniture is CGI to give a sense of how the space can be used''
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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