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122 Newgate Street, London
£975,000
Bedrooms
Bathrooms
Situated on the FIFTH floor of GILBERT HOUSE in the BARBICAN in prime position is this ONE bedroom apartment with L shape reception room (type 31). This flat is situated in the middle of Gilbert House, arguably the most sought-after block on the Barbican Estate. The apartment benefits from full-width windows facing west with views over the Barbican lake and and gardens beyond. The property has been freshly painted throughout and is offered with vacant possession so no onward chain.
Residents enjoy access to the Barbican private gardens. Underground parking and storage can be directly rented from the City of London Corporation by separate negotiation. Included within the service charge is electric underfloor heating, rubbish collection, window cleaning and building insurance.
GILBERT HOUSE is situated close to ST PAULS ( Central line ) and the new Elizabeth Line Station entrance at MOORGATE and LIVERPOOL STREET( now open ). Within walking distance are Waitrose, Marks & Spencer and Tesco. Also within easy reach are St. Pauls Cathedral, The River, South Bank, Tate Modern, and the One New Change Shopping Complex with sixty shops, restaurants and bars. The Barbican Arts Centre with its many bars, restaurants, theatre, cinemas, gallery and library is within very easy walking distance along the covered podium that makes up the Barbican Estate.
Lease: 125 years from 1981 Ground Rent 10 per annum Service Charge: 8162.00 2024/2025 Council Tax: Band E 1488.53 per annum
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.
122 Newgate Street, London
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