2 bedroom apartment for sale

£545,000

2

Bedrooms

2

Bathrooms

Floorplan

Elisabeth Court has been expertly renovated into five brand-new apartments. Ranging from 1-3 bedrooms, all spacious and all benefiting from a high-specification finish.
Located on the top floor, this exceptional two-bedroom, two-bathroom apartment presents a rare opportunity to acquire a modern, high-specification home with the significant advantage of a share of freehold. Designed for contemporary living, this property seamlessly blends style, comfort, and convenience, making it an ideal choice for discerning buyers.
Upon entering, you are immediately greeted by the bright and airy open-plan kitchen and lounge area. This expansive space is the true heart of the home, perfect for both relaxing and entertaining. The kitchen boasts a high-specification finish, featuring sleek cabinetry, integrated appliances, and ample worktop space, catering to all culinary needs. The lounge area offers generous proportions, allowing for flexible furniture arrangements and creating an inviting atmosphere for social gatherings or quiet evenings in. Large windows ensure an abundance of natural light, enhancing the sense of space and openness.
This superb apartment comprises two well-proportioned bedrooms, each designed with comfort in mind. The master bedroom benefits from its own en-suite bathroom, providing a private sanctuary for residents. The second bedroom is equally spacious and versatile, ideal for guests, a home office, or a childs room. Both bathrooms are finished to an impeccable standard, featuring contemporary fixtures, elegant tiling, and modern sanitaryware, offering a luxurious experience.
One of the standout features of this property is the inclusion of allocated parking for a motorcycle or perhaps a smart car, a highly desirable amenity in Bromley. Furthermore, this parking space is equipped with an electric charger, catering to the growing demand for sustainable transport solutions and adding significant value and convenience for electric vehicle owners. Residents also benefit from access to a beautifully maintained communal garden, providing a tranquil outdoor space for relaxation and enjoyment.
Elisabeth Court enjoys an enviable location in Bromley, renowned for its excellent transport links. Residents will find themselves well-connected to central London and surrounding areas via a variety of bus routes and train services, making commuting a breeze. Bromley town centre offers a vibrant array of amenities, including extensive shopping facilities, a diverse selection of restaurants, cafes, bars, and entertainment options such as cinemas and theatres. Reputable schools, parks, and leisure facilities are also within easy reach, contributing to a high quality of life.
As a new home with a share of freehold, this property offers peace of mind and long-term security, avoiding the complexities often associated with leasehold properties. The high-specification finish throughout ensures a luxurious and comfortable living environment from day one. With an impressive EPC Band B rating, the apartment is also energy-efficient, contributing to lower utility bills and a reduced environmental footprint.
This two-bedroom apartment in Elisabeth Court represents an outstanding opportunity to purchase a modern, well-appointed home in a prime Bromley location. Its combination of contemporary design, practical features like allocated parking with an EV charger, and the significant benefit of a share of freehold makes it a truly compelling proposition. Early viewing is highly recommended to fully appreciate the quality and appeal of this exceptional property.
Please note that the property is unfurnished - these photos are indicative of how it could be, the video is an accurate current representation.

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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

£ 452325

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

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
    £ 13625
  • 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

£ 43575
  • 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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