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£450,000 Offers in excess of
Bedrooms
Bathrooms
This one-bedroom apartment on York Way, London occupies an elevated position on the 15th floor, presenting an excellent opportunity for first-time buyers or investors. Equipped with modern fittings throughout, this property offers incredible potential to create a stylish city home with stunning views.
The apartments layout includes a welcoming entrance hall leading to a bright lounge/diner with a private balcony, a fitted kitchen with integrated appliances, a good-sized double bedroom with a fitted wardrobe, and a 3-piece bathroom. The property benefits from plenty of natural light throughout and offers spectacular views across the London skyline.
Located in the vibrant Kings Cross area, the property is ideally situated for city professionals. Within easy walking distance are the extensive amenities of Kings Cross and St Pancras International stations, offering excellent transport connections across London and beyond. The area boasts numerous restaurants, shops, and entertainment venues, while the beautiful Regents Canal is just moments away.
Offered with no onward chain, this apartment presents an exciting opportunity to create a contemporary living space in a highly sought-after location. Early viewing is strongly recommended to appreciate the propertys potential and commanding position.
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.
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