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£1,100,000
Bedrooms
Bathrooms
The multi-award-winning Strata SE1 skyscraper, at 147 metres, was the tallest residential building in London when it was completed. This incredible apartment is on the 38th floor with floor-to-ceiling windows that enjoy views of most of London - the Houses of Parliament, Canary Wharf, Tower Bridge, St Pauls and the Olympic Stadium are just a few of the nearby landmarks that can easily be seen.
The Penthouse apartments are from floor 36 upwards and were finished to a higher specification than the lower floors. They also have higher ceilings and air conditioning.
You enter into the stunning main reception room with lounge, large dining area and open plan kitchen. The guest bedroom is an excellent size with double bed, brilliant built-in bespoke wardrobes and what must be one of Londons best work-from-home desks with views as far as the eye can see. There is a large, stylish bathroom and a separate utility room with washing machine and separate tumble dryer.
At the end of the hallway is the stunning, hotel-style principle suite with automated floor-to-ceiling blackout curtains, walk-through wardrobe and ensuite bathroom.
When you look out of the window you realise how brilliantly located Elephant & Castle is, in zone 1, close to the Southbank, Waterloo and London Bridge. It has excellent transport links with mainline, Northern and Bakerloo Line services. It is also now one of Londons trendiest new places to live having received a huge amount of investment including new parks, residential, entertainment and retail areas - 26 separate largescale projects in total.
Please watch the video tour with Robin!
Chain free sale
High EPC C Rating
1,160 sq. ft. internal space
Long lease with 109 years remaining
Latest annual service charge 8,934
Ground rent 650 pa
Southwark Council Tax Band G
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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