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122 Newgate Street, London
£325,000
Bathrooms
Situated on the fifth floor of this amazing iconic Art Deco building named Florin Court, that may be more famously known as the fictional home of TV detective Hercules Poirot. This STUDIO APARTMENT is offered in excellent condition offering a refreshed kitchen, re-fitted shower room, pull down king-size bed and extensive storage.
Benefiting from a daytime porter, other key features of this building include a LEISURE AREA, which includes a SWIMMING POOL, sauna, and recently refitted small GYM, separate yoga and weights room, and bike store. There is also access to the ROOF GARDEN which boasts wonderful 360 degree views over the capital, a range of seating and dining areas, and a yoga deck.
FLORIN COURT is situated in the peaceful green space of historic Charterhouse Square, close to BARBICAN station (Hammersmith and Circle Lines), St PAULS (Central Line) and the new ELIZABETH LINE STATION at FARRINGDON. Within walking distance are Waitrose, Marks & Spencer Sainsburys and Tesco. Also within easy reach are St. Pauls Cathedral, The River, South Bank, Tate Modern, and the One New Change Shopping Complex with a great offering of shops, restaurants and bars. The Barbican Arts Centre with its many bars, restaurants, theatre, cinemas, gallery and library is within easy walking distance.
Lease: 999 Years from 2017 Service Charge: 5,579.14 per annum Local Authority: Islington
N.B. There are reserve fund payments to be made annually for the next few years
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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