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£930,000
Bedrooms
Bathrooms
Set within the popular Bermondsey Square development is this simply stunning, 1152 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. Set on the sixth floor enjoying views across St Mary Magdelene Park towards The City this property is offered in excellent condition and offers a level of living space and quality that is extremely rare to the market.
On entering, you discover a generous hallway that features a large utility/storage cupboard. The main reception is a hugely impressive space at just shy of 24ft. Dividing neatly into substantial seating and dining areas the space is further enhanced by those far-reaching views. Floor to ceiling windows let in an abundance of light and offer direct access out to a large, east-facing balcony capturing the sunrise over the City! The perfect spot for a morning coffee. The kitchen sits neatly to the far end and is both stylish and practical with additional space available to extend should you wish. All three bedrooms are fantastic doubles and substantially larger than most. The master extends to 23ft ft and includes a large ensuite, a large walk-in cupboard, and additional fitted wardrobes. Bedroom two measures 20ft and again boasts a substantial ensuite and fitted wardrobes. Bedroom three again measures 20ft with access to the large family bathroom that sits off the hallway. The perfect layout for those looking to rent out a room or two. 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.
The Bermondsey Street 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 and the delightful parks of Tanner Street and Leathermarket Gardens. Furthermore, London Bridge Station is just moments away. Available chain free.
Lease Length: 125 years from 29 September 2007, Ground Rent: 350pa, Service Charge 7757pa.
Map location is not available for this property.
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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