Description

A newly built one bedroom 1st floor apartment of 487 sqft, in a peaceful parkside setting, located within the Kings Cross regeneration area, N1C. The apartment will benefit from easterly views over Jellicoe gardens, full height windows and larger than average ceiling height.

Due for completion in quarter two 2020, this resale apartment is a great option for both owner occupiers and investors, as all one bedrooms from the developer in this phase of the development are sold out. Luma is part of t Continued...

Letting fees

Tenant fees schedule


New assured shorthold tenancies (ASTs) signed on or after 1 June 2019

Holding deposit (per tenancy): One weeks rent.
Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).

Security Deposit (per tenancy. Rent under 50,000 per year): Five weeks rent.
This covers damages or defaults on the part of the tenant during the tenancy.

Security Deposit (per tenancy. Rent of 50,000 or over per year): Six weeks rent.
This covers damages or defaults on the part of the tenant during the tenancy.

Unpaid Rent: Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent.
Please Note: This will not be levied until the rent is more than 14 days in arrears.

Lost Key(s) or other Security Devices: Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of 15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).

Variation of Contract (tenant's request): 50 (inc. VAT) per agreed variation.
To cover the costs associated with taking landlords instructions as well as the preparation and execution of new legal documents.

Change of Sharer (tenant's request): 50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher.
To cover the costs associated with taking landlords instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.

Early Termination (tenant's request): Should the tenant wish to leave their contract early, they shall be liable to the landlords costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.


Property features

  • New Development
  • 1 Bedroom
  • East facing
  • Completing Q2 2020
  • 487 sqft
  • N1C Postcode
  • Kings Cross Regeneration area
  • Floor to ceiling windows
  • Juliette balcony
Travel time to work:

  • King's Cross - 0.68km, 10 mins walk
    • National Rail
  • St Pancras - 0.69km, 10 mins walk
    • National Rail
  • King's Cross St. Pancras - 0.73km, 11 mins walk
    • Circle
    • Hammersmith & City
    • Metropolitan
    • Northern
    • Piccadilly
    • Victoria

Rental Yield

Average rental value

£445pw

Average weekly rent of nearby 1 beds.

Annual rental yield

3.2%

Gross yield if rented for the average rent.

Sale price

Average asking price

£822,358

Average asking price of nearby 1 beds.

Value for money

12% cheaper

This property is cheaper than average.

Price growth

Last 5 year price growth

Property prices in this area have increased at this rate per year over the last 5 years.

Estimated Value in 5 years

If historic price growth continues, this property could be worth this much in 5 years.

Similar properties within 500m

Loading

Marketed by

Properly
25 Wilton Road, London, SW1V 1LW

020 8022 1429

Contact agent