2 bedroom apartment for sale

£650,000

2

Bedrooms

1

Bathrooms

Floorplan


A true oasis of calm, overlooking Tanner Street park, moments from the bars, boutiques, restaurants and galleries of the rather splendid and vibrant Bermondsey Street. Boasting one of SE1s most enviable addresses, this premier apartment offers lovely views across the tennis courts. The apartment is West facing and benefits from an abundance of natural light throughout. Sympathetically designed with 658 sq ft of living space, this two double bedroom home is a real joy! On entering the apartment, a generous hallway leads to a lovely 17ft sun drenched lounge complete with full length floor to ceiling windows and sliding doors that lead out to a private terrace, a bright and wonderfully calm environment ideal for entertaining or just to relax and watch the world go by. The separate kitchen is contemporary in design and fitted with high gloss white units, and sits neatly to the end of the room separating the space perfectly. Both bedrooms are lovely spaces, quiet and generous in size with storage, the master is again an impressive 17ft and shares the same striking views, while bedroom two is larger than most at just shy of 12ft with access to a private terrace area. The bathroom is modern and spacious, it has the convenience of having both a shower enclosure and a bath tub. Further features include, secure entry, lift access, a share of the freehold and an active and responsive management company.

Delights on your doorstep include the renowned food markets at Borough, Spa Terminus and Maltby Street as well as microbreweries on the Bermondsey beer mile. Transport links are plentiful with both London Bridge (Jubilee, Northern and National Rail) and Bermondsey (Jubilee) stations nearby, offering easy access to The City, Canary Wharf and West End. A wonderful home and retreat!

Lease Share Of Freehold 102 years, Service Charge 2,675pa, Ground Rent 150pa

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

£ 538950

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

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
    £ 16250
  • 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

£ 51450
  • 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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