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122 Newgate Street, London
£735,000
Bedrooms
Bathrooms
Situated in the well renowned Barbican Estate is this fantastic good size ONE BEDROOM apartment ( type 16H ) located below podium level in Andrewes House. The property has fantastic VIEWS through the large window over the lakeside terrace and private gardens. The property offers a good reception room, Original Barbican Kitchen and Original Barbican Bathroom, good size bedroom. The flat also benefits from under-floor heating which is included in the service charge. This property has the advantage of an extended lease.
ANDREWES HOUSE is situated close to BARBICAN and MOORGATE underground stations, St PAULS (Central Line) and the new Elizabeth Line Station at Farringdon and Moorgate. 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 its many shops, restaurants and bars. The Barbican Arts Centre with its many bars, restaurants, theatre, cinemas, gallery and library is within easy walking distance along the covered podium that makes up the Barbican Estate.
Lease: Extended Lease 171 years remaining Service Charge: 6780.00 per annum Council Tax Band E 1557.20 per annum
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.
122 Newgate Street, London
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