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£3,250,000
Bedrooms
Bathrooms
A well proportioned two bedroom apartment on the 3rd floor of this handsome recently refurbished period building, benefitting from generous ceiling heights and large sash-style windows providing fantastic natural light and offering direct views over the leafy & historic Lincolns Inn Fields.
A well proportioned two bedroom apartment on the third floor of this handsome recently refurbished period building, benefitting from generous ceiling heights and large sash-style windows providing fantastic natural light and offering direct views over the leafy & historic Lincolns Inn Fields.
A well appointed modern kitchen/diner interconnects via a grand archway to the generous reception room, all with large windows facing front over the garden square. The principal bedroom features an en-suite bathroom finished in a contemporary style to a high specification, with a further en-suite double bedroom and separate WC for guests.
Steeped in history, Lincolns Inn Fields was first set out in its current layout during the 1600s and is Londons largest garden square. The first garden to be recorded at the inn was the 'Long Garden' to the north of the square, dating back to 1445 when it was quite literally an inns garden.
Synonymous with barristers, the area was further developed in the late 17th century by Henry Serle (a barrister himself) and nowadays is a fantastic mix of modern and historic London, housing both office buildings and residential homes alike. Within the gardens are glorious flower beds, large grassed areas, tennis courts, a bandstand and a fantastic caf / restaurant, with gates open to the public from 7am to 7pm.
Midtown is the gateway between Londons buzzing West End and the City, with Lincolns Inn and the surrounding area home to many of the UKs top Law practices and Barristers chambers.
To the West, Covent Garden offers world class retail, dining & entertainment with Londons Theatreland home to some of the finest and most popular productions in the world. Nearby Lambs Conduit Street offers a genuine village vibe with a number of independent coffee shops and varied retailers rubbing shoulders with boutiques from more established international brands and excellent restaurants including the renowned Noble Rot and local institution Ciao Bella. To the east, the financial centre of the City of London is easily accessible from Lincolns Inn along with the South Bank, River Thames and many of Londons wonderful parks and open spaces within easy reach, as well as some of Londons top educational institutions including the London School of Economics & Political Science (lse), Kings College, and University College London.
Lincolns Inn Fields is located near various tube stations including Holborn (Piccadilly & Central lines), Covent Garden (Piccadilly line), and Temple (District line)
what we love: Beautiful period building
Spacious
Fantastic specification
Garden Square view
Great location.
What you need to know: Third Floor
Lift
Service charge is 5,236 per year
Ground rent: 550 per year
Leasehold - 250 years from 2016.
Overview Craig Simpson says 'I love the location of this apartment, with superb views over the green open space of Lincolns Inn Fields'
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.
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