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Pan Peninsula , 1 Millharbour, London
£1,400,000
Bedrooms
Bathrooms
A stunning penthouse apartment with a large terrace and parking arranged over the 28th and 29th floors in a modern development located by the Thames and within easy reach of Canary Wharf. Arranged over approx. 1,920 sq ft features include a large terrace with far reaching views, 2 parking spaces, 24-hour concierge and a well equipped gym with pool.
A stunning penthouse apartment with a large terrace and parking arranged over the 28th and 29th floors in a modern development located by the Thames and within easy reach of Canary Wharf. Arranged over approx. 1,920 sq ft, accommodation (28th floor) features a large terrace with far reaching views over the Thames, a large living area ideal for entertaining, a well designed kitchen and a WC. Both bedrooms are located on the upper level and have integrated wardrobes and luxurious en suite bathrooms with contemporary fittings.
Ontario Tower residents benefit from gym & Leisure facilities, 24-hour concierge service and a convenient location close to Canary Wharf and its amenities. Situated less than half a mile from both Blackwall and East India DLR stations and 0.75miles from Canary Wharf Underground provides access to DLR and Jubilee line services, including the high-speed Elizabeth Line service which will see Tottenham Court Road and Heathrow Airport reached in 11 and 39mins respectively.
Tenure: Leasehold
Length of Lease: Approx. 976 years remaining
Annual ground rent: 600
Annual service charge: Approx. 26,000
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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