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Pan Peninsula , 1 Millharbour, London
£595,000
Bedrooms
Bathrooms
A two bed, two bath apartment with a private balcony and valet parking set on the 23rd floor of a modern development. Features include full height windows, wood flooring, a private balcony and a well designed open plan kitchen with ample storage.
Both bedrooms are double in size and benefit from integrated storage with the main bedroom having an en suite shower room, the main bathroom has a modern design with marble fittings.
Residents will also have access to a 24-hour concierge, an onsite private cinema, residents gymnasium and swimming pool. The development is within walking distance of Canary Wharf, providing access to transport links and a great selection of amenities including the Canary Wharf Shopping Centre.
Situated just a 2-mins walk from South Quay DLR station which makes commutes to areas such as Bank achievable in just 14-mins. The development is also within walking distance of Canary Wharf Underground and the Elizabeth Line service for high-speed connection pan throughout the Capital.
Tenure: Leasehold
Length of Lease: Approx 982 yrs remaining.
Annual ground rent: 750 per year (increases every 25 yrs for 1st 100 yrs).
Service charge: Approx 13,486 per year
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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