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£500,000
Bedrooms
Bathrooms
Set within central SE1 just moments from Borough station and the green spaces of Tabard Gardens is this 1st floor Victorian conversion. A charming apartment offering 617 Sq Ft of flexible living space and scope to add further value with a little TLC. This two-bedroom property combines period features with contemporary fixtures and fittings and provides the ideal setting for those looking to enjoy the delights of London Bridge to its fullest. Apartments of this type, this centrally, and in this location are practically unheard of and a genuine rarity.
On entering, a hallway offers built in storage and conveniently a utility cupboard. The main reception sits to the front of the building enjoying a sunny South-westerly aspect. Enjoying a semi open plan layout the room extends to 25ft and neatly divides into substantial seating and dining areas. Wooden flooring, sash windows and a period feature fireplace are lovely features. The kitchen has a modern feel and well presented, a further window to the rear providing natural light and ventilation. The master bedroom shares the same sunny aspect and at 13ft is generous in size with the benefit of large, fitted wardrobes. Bedroom two is equally impressive in size and will certainly appeal to those looking to let out a room or working from home and requiring a substantial home office. Both rooms are serviced by a large shower room that does require a little cosmetic work.
Tabard Street offers the perfect location for those looking to enjoy SE1 to the fullest. The delights of Bermondsey Street, Borough Market, London Bridge, Elephant Park and Bankside could not be more accessible. Transport links are fantastic with both Borough and London Bridge stations just a short walk away. Conveniently offered on a chain free basis.
Lease Length: 148 years, Service Charge: 481 per year, Ground Rent: 50 per year.
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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