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£740,000
Bedrooms
Bathrooms
An outstanding modern built apartment of exceptional style and quality. This contemporary, 4th floor apartment forms part of the exclusive London Square, an attractive, and well-designed development built in 2021 that is conveniently located within central SE1 just moments from bars and boutiques of trendy Bermondsey Street.
Immaculately presented throughout and finished to an exacting standard, this luxury apartment offers an impressive 937 sqft of flexible living space. On entering you are immediately greeted by the imposing 26ft open plan reception. Naturally bright due to its West facing aspect the room neatly divides into seating and dining areas. The sense of space is further enhanced by sliding doors that allow you to spill outside onto the sunny 15ft private terrace, providing the perfect spot to enjoy a morning coffee or unwind after a long day. The kitchen is thoughtfully designed and located creating a sense of separation from the lounge area whilst remaining a social space. Modern appliances, high-quality finishes and a central Island complete the look. Both bedrooms are great doubles and will certainly appeal to those looking to rent out a room or substantial office space. The master incorporates a luxury ensuite shower room and extends to just shy of 23ft at its longest point. Bedroom two is equally impressive and larger than most at 16ft. The family bathroom is just lovely and very much in keeping with the quality throughout. Further benefits include under floor heating, lift access, secure entry, substantial landscaped gardens, 24-hour concierge and residents gym.
Tucked away from busy roads, the location offers peace, quiet and convenience. The many delights of Bermondsey are on your doorstep, including the cafes, bars, restaurants, and art galleries of Bermondsey Street, the renowned food markets of Borough, Maltby Street, Spa Terminus and of course the many cultural attractions of the South Bank and the River Thames. Transport links are plentiful too with London Bridge (Jubilee and Northern lines, plus overground rail and links to Gatwick Airport) and Bermondsey (Jubilee line) being your closest tube stations, both within easy walking distance. Bus links are excellent too, with the day and night routes number 1 (Tottenham Court Road via Holborn) and 78 (Liverpool Street and Shoreditch) stopping right outside.
Lease Length: 248 years
Ground Rent: 0 pa
Service Charge: 4,140 pa
Energy Efficiency Rating: B
Council Tax Band: E
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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