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£700,000
Bedrooms
Bathrooms
This exceptionally stylish, first floor apartment has been lovingly maintained and fully refurbished by the current owners within the last few years, and now offers luxurious accommodation, measuring an impressive 911sqft. The spacious hallway provides access to all principal rooms, and has a great deal of built in storage. The heart of the property is the naturally bright, double aspect reception room, that measures just shy of 25ft. Its a gorgeous room with access out onto the private balcony, an ideal space to relax and entertain in. The super smart kitchen is positioned neatly to one end, is fully integrated with Neff appliances and has the lovely feature of a large central island. The tranquil bedrooms are generous doubles, the master benefiting from attractive, full height fitted wardrobes. Both are served by a contemporary style bathroom again in keeping with the quality of the rest of the property. Attention to detail is spot on throughout this beautiful home, with further features including a high quality engineered wood floor fitted in all rooms, double glazing, gas central heating, gated allocated parking and a communal garden.
Millennium Square is a secure, gated development of some renown that offers the perfect location for those looking to enjoy a unique village lifestyle within Shad Thames and central SE1. Moments from the Thames waterfront the location matches the calibre of the apartment. Delights on your doorstep include a rich and varied selection of gourmet restaurants, coffee shops and bars at Shad Thames. The renowned food markets of Maltby Street, Spa Terminus and Borough are all close by, as well as the microbreweries on the Bermondsey beer mile, and vibrant Bermondsey Street, with a wealth of boutiques, galleries and restaurants. Transport links are plentiful with London Bridge, Bermondsey and Tower Hill stations just a short walk away, offering easy and direct access to The City, West End & Canary Wharf.
This spectacular apartment really has it all!
Lease Length: 183 years, Service Charge: 3,300pa, Ground Rent: 250pa, Energy Efficiency Rating: C
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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