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Pan Peninsula , 1 Millharbour, London
£750,000 Guide Price
Bedrooms
Bathrooms
''Guide price of 750,000 - 770,000'' A stunning two bedroom, two bathroom apartment with parking and a large balcony affording far reaching views over Millwall Dock and The Thames towards The Millennium Dome and Greenwich Park.
Features include a bright living room with full height windows, a well designed open plan kitchen, wood flooring, two double bedrooms with integrated storage with the main bedroom having an en suite and a family bathroom with contemporary fittings.
Residents have the benefit of 24-hour concierge, a cinema room and access to a well-equipped gym with a swimming pool. Arena Tower is located only 0.2 miles from Crossharbour DLR station and close to the local eateries and amenities on Pepper St.
The property is approx. 0.7 miles from the centre of Canary Wharf with its plethora of shops, bars & eateries and excellent transport links with its Jubilee and Elizabeth line stations.
Tenure: Leasehold
Length of Lease: Approx 981 years remaining
Annual ground rent: 750 p.a.
Service charge: Approx. 7426 p.a.
Council: Tower Hamlets
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.
Pan Peninsula , 1 Millharbour, London
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