PostMark , Mount Pleasant, London, Farringdon, WC1X

1 /5
Available / For Sale

2 bedroom flat for sale

£1,325,000

2

Bedrooms

2

Bathrooms

1

Reception

Town Residential presents a selection of oneand twobedroom apartments in the Post Mark Development in Central London, WC1.

This premium two bedroom apartment features a flexible, open-plan layout, with elegantly designed interiors, carefully crafted finishes and floor-to-ceiling windows that let in plenty of natural light.

The kitchen comes fully fitted with Siemens appliances throughout and includes bespoke custom-crafted cabinetry, quartz stone worktops and matching splashbacks.

Engineered timber flooring is provided throughout the living and kitchen spaces, with deluxe carpet flooring provided in the bedroom (West Palette only).

The apartment also featured purpose-built utility cupboards which house the washer and dryer, and ample storage space is provided throughout. Comfort cooling is included in all living areas and bedrooms, with underfloor heating provided throughout.

Residents of Signature Place benefit from a host of exceptional amenities at Postmark London including:

- Residents' gym

- Wellness centre and spa

- Cinema

- Lounge

- Courtyard

- 24-hour concierge

Postmark is to unfold in four phases on 6.25 acres, divided into two distinctive chapters, each identified by the individual postcode in which it lies - WC1 and EC1.

All four phases will be completed by 2024 creating a major mixed-used development offering 681 homes, over 20,000 sq.ft of commercial and retail space, and new open public space that covers over 50% of the site.

Postmark couldnt be better connected, with the whole of central London on your doorstep and four major underground stations within a 15-minute walk taking you to the rest of the city and beyond. With Exmouth Market 5 MIN walk away, Farringdon in 11 MIN, Chancery Lane in 11 MIN, Russell Square in 12 MIN, Kings Cross in 15 MIN, St Pauls in 22 MIN

Please contact us to register your interest!



Property Style: New Home

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 1103325

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 33125
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 109575
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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