2 bedroom apartment for sale

£760,000

2

Bedrooms

2

Bathrooms

Floorplan

A superbly presented two double bedroom, two bathroom, penthouse apartment, forming part of a stunning converted School House in central SE1. This stylish apartment oozes period charm and offers a lovely balance between original detail and modern fixtures and fittings, perfect for those looking for a uniquely styled home. The large 17ft open plan lounge is simply stunning. The double height ceiling creates a lovely ambience, further enhanced by the abundance of natural light drawn from floor to ceiling windows and immaculate parquet flooring. A lovely addition to the space are the French doors that lead directly out to a south facing terrace. Sitting neatly in a corner and dividing the space perfectly is modern fitted kitchen. Finished in white gloss and with a semi open plan feel, it complements the space and offers a convenient breakfast bar. With ample space to relax, eat and entertain this huge room also provides the possibility of extending the living space further with the addition of a mezzanine level, subject to planning consent. Both bedrooms are quiet, generous doubles and again wonderfully unique spaces. The master is a great size at over 12ft with the benefit of a large en-suite. Bedroom two offers some lovely detail with parquet flooring, brickwork and access up to a large mezzanine level that extends to just shy of 15ft. A great space that lends itself to be used as an office/gallery or just a snug to watch the world go by. The master bathroom is generous, well presented and very much in keeping with the quality throughout. Further benefits include, a healthy lease, secure entry, lift access, secure parking, extensive communal grounds and a long standing on-site caretaker. The School House boasts an interesting past, closely connected to Bermondsey and its community, charmingly represented in the many old school photographs that adorn the communal entrance and hallways. This imposing gated development is extremely well managed and maintained with a real sense of community and care. Transport links are plentiful with London Bridge (Jubilee, Northern line and National Rail) and Borough (Northern line) stations just a short walk away, offering easy and direct access to the City, West End and Canary Wharf. A few moments walk from the property you will also find vibrant Bermondsey Street with its wealth of restaurants, bars and boutiques. Other attractions that are on your doorstep are the popular food markets at Borough, Maltby Street and Spa Terminus, the Bermondsey beer mile, the rebound White Cube gallery and of course the delights of the South Bank and Shad Thames.

A rare opportunity to acquire a penthouse apartment in one of SE1s most sought after developments.

Lease 968 Years, Service Charge 3,100pa, Ground Rent 100pa

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

£ 629700

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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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
    £ 19000
  • 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

£ 59700
  • 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

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

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