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£1,250,000
Bedrooms
Bathrooms
A truly one of a kind Penthouse apartment situated on the 17th floor of Grand Regent Tower, Suttons Wharf offering spectacular vistas across London towards the City, St. Pauls Cathedral and the Canary Wharf CBD.
Original presented as the developments show home, this 1,310ft2 apartment is simply a 'must-see' and provides for ample accommodation for any would-be homeowner. The large, open-plan living-kitchen arrangement has direct access onto the huge terrace, is flooded with light courtesy of the floor-to-ceiling windows, beautiful hard wood flooring throughout and all the mod-cons one would expect from a property of this calibre.
The bedrooms are all generous in size, with both the principal and 2nd bedrooms having access to en-suite shower rooms, built-in wardrobes and the 3rd bedroom has more custom built-in cabinetry, making it perfect for use as a home office. The en-suite bathrooms and main family bathroom suite are all sumptuously appointed in white and chrome fixtures. The wrap-around terrace is accessible from all main rooms bar the home office, and offers out of this world views to the south, west and north across a wide array of Londons impressive skylines. The apartment comes with a private off-street underground parking space within the development and the tower has recent has a new updated EWS1 Form issued with an A1 rating.
Grand Regent Tower is ideally located near open green spaces of Mile End & Victoria Park, with Roman Road offering a wide array of shops and amenities, while the trendy Lauriston Village, with all of its boutique stores, cafs, and restaurants are also within easy reach. Excellent transport links at Mile End and Bethnal Green Underground Stations provide easy access to the Central, District, Hammersmith and City Lines, reaching a plethora of Londons most famous landmarks.
Lease Length - 113 years
Service Charge - 5,121 pa approx.
Ground Rent - 450 pa
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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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