3 bedroom apartment for sale

£950,000

3

Bedrooms

3

Bathrooms

Floorplan

Set within a superior development of some renown within the ever-popular Bermondsey Square is this simply stunning, 1196 sqft three-bedroom, three-bathroom apartment. Boasting one of SE1s most enviable and sought after addresses, this exceptional apartment offers luxurious flexible living space throughout. Having been lovingly looked after and maintained by the current owner, this fourth-floor property is offered in immaculate condition and finished to the highest of standards with real attention to detail and design.

On entering, you discover a generous hallway that offers built in storage and leads to all rooms separately. The main reception is a hugely impressive space at 23ft, dividing neatly into substantial seating and dining areas. Naturally bright due to a sunny aspect with a wonderfully calm ambience, you have space to sit, eat, entertain, and relax in style. Floor to ceiling windows let in an abundance of light and offer direct access out to an extremely large private balcony. A real suntrap with glorious views across to The City and ample room for seating and dining, the perfect spot to watch the sun rise with a morning coffee! The modern kitchen sits neatly to the far end and is both stylish and practical. Additional storage has been added for further convenience. All three bedrooms are fantastic doubles, substantially larger than most. The master extending to 15ft with a large, modern ensuite, a built in storage cupboard and additional fitted wardrobes. Bedrooms two and three measure 11ft and 14ft respectively and will certainly appeal to those looking to rent out a room or two and requiring a substantial home office. Bedroom two also benefiting from fitted wardrobes and ensuite. The family bathroom is immaculate, spacious, and very much in keeping with the feel and quality throughout. Further benefits include, solid wood flooring, central heating, secure entry, lift access and 24-hour concierge.

12 Bermondsey Square is a contemporary development of real standing within the area. Centrally located on Bermondsey Street the lactation could not be better to enjoy the delights of the local area. The full array of restaurants, coffee shops and galleries are literally on your doorstep. The green spaces of Mary Magdalen Church, Tanner Street Park and Leathermarket Gardens are all to be enjoyed. Transport links are exceptional with London Bridge station conveniently located at the top of the street. Apartments of this type are extremely rare to the market.


Lease Length: 108 Years, Ground Rent: 350, Service Charge 9082pa, Energy Efficiency Rating: B, Council Tax Band: F

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

£ 775200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 23750
  • 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

£ 62700
  • 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

Adjust these figures

  %
  %
£
  %

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

Adjust these figures

  %

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

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message