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£850,000
Bedrooms
Bathrooms
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Sanders Property are pleased to bring to the market this stunning one bedroom flat located on the 14th floor of the prestigious Carrara Tower by the Berkley group. Located in Zone 1, 250 City Road is the gateway to the City and a landmark development designed by world renowned Architects Foster + Partners. This stunning one bedroom flat offers over 638 square feet of living space which comprises spacious open plan kitchen with a veneer finish, composite stone worktops and splashbacks, Siemens combination oven and wine cooler, large double bedroom with built in storage, luxury bathroom with large tiles with feature herringbone wall tiles. These spectacular apartments and penthouses offer stunning landscape garden views as well as a host of residents facilities including a gym and terrace, luxurious 20-metre swimming pool and spa; concierge facilities and residents lounge, games rooms & reading room. Two acres of landscaping at the heart of the scheme plays host to cafes, restaurants, retail outlets, workspaces and a 4' hotel
Council Tax Band F
EPC Rating - Band B
Ground Rent - 500 Per Annum
Service Charge - 4500 Per Annum (Estimate)
Years Left On The Lease - 999 Years Left Since 2016
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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