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£530,000
Bedrooms
Bathrooms
Ashley King Estate Agents are delighted to present this stunning 2-bedroom property set up high on the 9th floor of this ever so popular development Vespucci Court.
The property comprises of two double bedrooms with master bedroom benefitting from fitted wardrobes, two bathrooms (one en-suite shower room), spacious reception room and open plan sleek kitchen with integrated appliances, further the apartment benefits from a private balcony with stunning panoramic views over the green areas, City of London and beyond. Further, the development benefits from a residents gym.
This is a must view property!
Location: The property located within close proximity to the Limehouse DLR for connections into The City and Canary Wharf. For Riverside Pubs and dining experiences you have Wapping, Limehouse and the Docklands with the historical public houses and restaurants as well as stunning walks along the Canal & River Thames.
Tenure: Leasehold 250 years from 2020
Service Charge: 4,701.36 p/a
Ground Rent: 250.00 p/a
Local Authority: Tower Hamlets
Council Tax Band: D
EPC rating: B
Total Sq Ft: Approx. 800 Sq. ft
DISCLAIMER Disclaimer: Ashley King endeavour to advertise accurate representations of properties in descriptions, virtual tours and floor plans, however, they are intended as a guide only and interested parties must satisfy themselves by undertaking a personal inspection. (Please note, pictures are not the actual apartment pictures)
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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