ESW1 compliant. This property forms part of a portfolio within 0.5 miles raidus of Old street station. With prices ranging from £550,000-£750,000.
Town residential presents to you a stunning one bedroom apartment a stone throw away from Old street station. The Lexicon is located in the heart of zone 1 and within easy reach of Old Street, Angel, the City and Shoreditch,with apartments finished to a superb specification alongside 5* facilities and Wi-Fi-enabled landscaped gardens you have everything on your doorstep to enjoy a living experience like no other. Residents benefit from plethora of amenities such as spa facilities, lounge, 24 hour concierge and the transport links and local amenities this great location affords.
The community also benefit from a striking piece of public art called Column. Column stands at 5.3m high, and is nestled between the two Lexicon buildings off City Road. A large reflective aluminium rock perched on a rusted steel sheet protruding vertically from the ground, this piece of public art has been designed to evoke a sense of nature and the natural landscape, through the use of industrial materials that are synonymous with the trading heritage of the City Road Basin. Its striking curved glass facade means every home has full height windows and incredible London vistas which react to the weather, regulating the temperature within the homes.
Call now to arange a viewing or register your interest for more information!
Tenure : Freehold
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
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.
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.
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.
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 0 | ||
| £125k to £250k | 2 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 3 | ||
| £125k to £250k | 5 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £300k | 0(2/5)* | ||
| £300k to £500k | 5 | ||
| £500k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
