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122 Newgate Street, London
£935,000
Bedrooms
Bathrooms
A bright and spacious flat located on the third floor of this purpose-built block. The property consists of two double bedrooms, a family bathroom, separate kitchen, and a large lounge / dining area. Consisting of 1002 sq feet of living space including a fantastic south facing balcony for outdoor living. With views of St Pauls Cathedral this very well-located central City apartment is finished to a high specification and offers generous living / entertaining space with a good sized fully fitted kitchen.
Amen Lodge is an established residential block situated in a superb City location and benefits from an on-site building manager. The surrounding area offers many bars, pubs and restaurants and is within easy walking distance of the Thames River and the Millennium Bridge. Transport links are abundant with St Pauls, Blackfriars and Farringdon tube stations as well as the City Thameslink rail station on Ludgate Hill all within a short walk. Shopping is well catered for with the upmarket New Change centre close by together with Sainsburys, M&S, Tesco and the Co-Op all in the surrounding area.
Lease: 999 years from 2018
Service charge: 3,760.00 per half year ( includes heating and hot water )
Council Tax Band F - 1840.32
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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