2 bedroom apartment for sale

£750,000

2

Bedrooms

2

Bathrooms

Floorplan



Set within a superior development of some renown is this hugely impressive, 875 Sq Ft, two-bedroom, first floor apartment. Boasting one of SE1s most enviable and sought after addresses, this exceptional home offers luxurious living space throughout and boasting a westerly aspect and extended living space is a superior apartment within the development.

On entering you discover a generous hallway that offers a large utility/storage cupboard. The main reception room is a hugely impressive space at over 29ft and divides neatly into substantial seating and dining areas. Naturally bright due to that sunny aspect with a wonderfully calm ambience, you have space to sit, eat, and relax in style. Floor to ceiling windows are a lovely feature, allowing natural light to flood in and offering direct access to a private balcony. A real suntrap with ample room for seating, a lovely spot for a morning coffee and evening glass of wine. The sleek, modern kitchen sits neatly to the far end dividing the space perfectly. Contemporary cabinetry is offset against white worksurfaces, the large breakfast bar is practical, stylish and makes a real focal point. Both Bedrooms are impressive doubles that boast fitted wardrobes and extend to just shy of 17ft. The master benefiting from a large en-suite, bedroom two served by a substantial shower room. Further benefits include solid oak wide plank flooring, under floor heating, secure entry, lift access, concierge service, bicycle storage, and stunning communal gardens.

Alwen Court is a contemporary development built for occupation in 2018. Centrally located Pages Walk ideally placed to enjoy the delights of nearby Bermondsey Street, Shad Thames, and Borough offering the perfect location to enjoy the joys of SE1 to the fullest. Transport links are plentiful with both London Bridge and Bermondsey stations nearby, offering easy access to The City, Canary Wharf and West End. A wonderful apartment of real quality.

Tenure - Leasehold
Lease Length - 999 Years from 22nd January 2018 - 992 Years Remaining
Service Charge circa 4,000pa
Ground Rent N/A
Local Authority Southwark Council Tax Band E
Energy Efficiency Rating B

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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

£ 621450

Mortgage Loan to Value

%

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
    £ 18750
  • 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

£ 58950
  • 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

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  %

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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