Situated in the vibrant area of London, this studio apartment at Rossmore Court, London NW1, provides a compact yet functional living space. The property includes one bathroom and separate kitchen area with the added benefit of a concierge. The property features a bright and airy main room that serves as both living and sleeping area, with large windows allowing plenty of natural light to flood the space. The kitchen is efficiently designed, equipped with essential appliances, and provides a functional area for meal preparation. The bathroom is modern and includes a shower, toilet and basin.
Rossmore Court is a well-maintained building with a welcoming entrance and a secure lobby area. Residents can enjoy the convenience of nearby public transport, making it easy to navigate the city. The surrounding area offers a variety of shops, cafes, and restaurants, providing plenty of options for dining and leisure activities.
The location is ideal for those who appreciate the hustle and bustle of city life, with easy access to cultural landmarks and entertainment venues. The property is also within reach of green spaces, offering a balance of urban living with opportunities for relaxation.
Rossmore Court is located in a vibrant
area of London, offering residents access to a wide range of amenities. The
property's location in London ensures that essential services and facilities
are within easy reach, contributing to a convenient lifestyle.
The studio's location places it within reach of numerous educational
institutions, healthcare facilities, and business centres, making it a suitable
choice for professionals, students, and those seeking a central base in the
city.
Overall, this studio apartment presents a great opportunity for individuals or investors looking for a property in a prime London location.
Tenure : Leasehold
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 |