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£195,000
Residential mooring offered for sale at Nine Elms Pier, suitable for a boat up to 27.5 metres in length and a maximum width/beam of 5 metres (subject to approval). The mooring offers unobstructed views downriver to Vauxhall Bridge. Nine Elms Pier boasts a vibrant community, with residents frequently using the pier for social events. There is also a dedicated area with a swimming pool for relaxing and sunbathing.
This unique opportunity provides a different way of living in a vibrant and exciting part of London. The vicinity is rich with numerous restaurants, bars, and shops, and offers excellent transport options, including Vauxhall Underground Station, Queenstown Road, and Battersea Park Overground stations. Additionally, the recently completed Northern Line extensions at Nine Elms and Battersea Power Station further enhance connectivity.
Battersea Power Station is at the heart of one of central Londons largest and most visionary developments. This 42-acre site has been transformed into a vibrant mixed-use development, featuring homes, shops, bars, restaurants, cafes, offices, and over 19 acres of public space. The area is now a bustling hub with a new business quarter, cultural venues, and leisure facilities, including a state-of-the-art cinema and a glass chimney lift offering panoramic views of London
Nine Elms is undergoing significant regeneration, transforming from an industrial district into a new residential and business quarter. Spanning 227 hectares, it is larger than Hyde Park and includes new homes, offices, public parks, and cultural attractions. The area is well-connected, with the new Northern Line stations providing quick access to the City and the West End3. Residents enjoy a blend of modern amenities and green spaces, making it a desirable location for urban living.
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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