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£750,000
Bedrooms
Bathrooms
A true oasis of calm overlooking Tanner Street Park, set back from the bars, boutiques, restaurants, and galleries of the rather splendid Bermondsey Street. Boasting one of SE1s most enviable addresses, this premier two-bedroom, top floor apartment offers glorious panoramic views across the London Skyline and an impressive 729 Sq Ft of living space.
Having been lovingly looked after and upgraded by the current owner the apartment is immaculate throughout. On entering, a generous hallway offers built in storage and leads to the impressive 20ft open plan reception. An elegant space that divides into substantial seating and dining areas. Naturally bright due to its sunny Northwest aspect the room benefits from floor to ceiling French doors that open to a Juliette balcony, the perfect way to enjoy the park and skyline views. The kitchen is contemporary and finished to a high standard, sitting neatly to the end of the room dividing the space perfectly. A large skylight above the kitchen provides further natural light. Both bedrooms are lovely spaces, quiet and generous in size, the master extending to just shy of 15ft, bedroom two is larger than most at over 14ft and shares the same striking views as the main reception. Ideal for those looking to rent out a room or working from and requiring a substantial home office. The stylish shower room has been extensively remodelled in recent years, is naturally bright and very much in keeping with the quality throughout. Further benefits include, under floor heating, secure entry, and the rarity that is an off-street parking space for one car.
Bickels Yard is a popular, gated, boutique development that offers the perfect location for those looking to enjoy SE1 to its fullest. Delights on your doorstep include the renowned food markets of Maltby Street and Borough, theatre at the Old Vic and Globe and some of the best restaurants and watering holes that London has to offer. The delights of Bermondsey Street, Borough, Shad Thames and the South Bank await! Transport links are fantastic with London Bridge Station just moments away. Offered chain free.
Lease Length 976 Years, Service Charge 3370pa, Ground Rent 150pa.
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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