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£950,000
Bedrooms
Bathrooms
Public Notice -
Flat 19, Bermondsey Exchange, 179-181, Bermondsey Street, London, SE1 3UW
We are acting in the sale of the above property and have received an offer of 875,000.
Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place. EPC rating - G
Set within a former warehouse within a secure gated courtyard at the very heart of the ever popular and rather splendid Bermondsey Street is this striking period conversion. Boasting one of SE1s most enviable addresses, this premier loft apartment boasts character and flexible living space throughout. Sympathetically designed with just shy of 934 sq ft of accommodation, this two-bedroom, two-bathroom home is a genuine rarity to the market and offers further scope to upgrade and redesign.
The apartment immediately reveals itself to be refreshingly different. The grand, 25ft reception room is stunning, brickwork and wooden beams pay homage to the buildings industrial past. Several sets of French doors allow natural light to flood in and offer views out to the mightily impressive 43ft wraparound terrace. The open plan kitchen occupies a separate 18ft space, sunken from the main reception offering ample room for a large dining table. Original exposed brick and a stunning vaulted ceiling make this a truly unique space. The master bedroom is a generous 15ft with access to a substantial ensuite bathroom. Bedroom two is set across two floors offering a sleeping deck, changing area and ensuite. Again, boasting brickwork and original beams the space offers further potential. Outside the Southwest facing terrace is just exceptional and offers ample space for seating and dining. Another substantial terrace from the dining area provides further outside space and views over the internal courtyard. Further benefits include secure entry and lift access.
The Bermondsey Street the location is quite simply a Joy and really is perfect for those looking to enjoy a unique village lifestyle within Central London. Delights on your doorstep include some of the best restaurants, galleries, and watering holes that London has to offer along with the delightful parks of Tanner Street and Leathermarket Gardens. With, London Bridge Station just moments away at the top of the road transport links could not be better. Properties within this development are extremely rare to the market. Offered chain free.
Lease Length: 972 Years
Service Charge: 3,227 pa
Ground Rent: 250 pa
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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