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122 Newgate Street, London
£995,000
Bedrooms
Bathrooms
Defoe House, Barbican Spacious Two-Bedroom Apartment with Stunning Garden Views
A beautifully presented TWO BEDROOM apartment located on the first floor of the highly sought-after Defoe House within the Barbican Estate, measuring approximately 795 sq. ft.
This bright Type 21 apartment offers a real opportunity to own a home with wonderful views of the Barbican gardens. The south-facing balcony overlooks the tranquil gardens and lake, while the rear enjoys a north-facing aspect over the Barbican podium.
The property features:
A modern re-fitted kitchen with integrated appliances, including a Miele oven-microwave
Spacious reception room with balcony access and views over the gardens and lake
Two bedrooms positioned at the rear for added privacy
Re-fitted bathroom plus a separate cloakroom
An excellent example of a two-bedroom Type 21 layout, the property also benefits from an extended lease.
Location Highlights:
Defoe House is ideally positioned close to St Pauls (Central Line), Moorgate (Northern Line and Elizabeth Line), Mansion House, and Farringdon (Elizabeth Line) stations. Local amenities such as Waitrose, Marks & Spencer, and Tesco are within easy reach.
Nearby attractions include:
St Pauls Cathedral
The River Thames and South Bank
Tate Modern
One New Change shopping complex with shops, restaurants, and bars
The Barbican Arts Centre offering cinema, theatre, galleries, library, and dining all accessible via the covered podium walkways
Lease: Extended to 2156
Service Charge: Approx. 7,830 per annum
Council Tax: Band E 1,557.20 per annum
EPC Rating: C
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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