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£1,250,000 Offers in excess of
Bedrooms
Bathrooms
This stunning third-floor apartment, located in a high-specification development near Borough station, offers an exceptional living experience. Spanning 1,305 square feet, the spacious flat boasts three generously-sized double bedrooms, two elegant bathrooms, and two serene winter garden terraces. The property is meticulously finished to a pristine standard and is serviced by a lift.
Borough is a vibrant area teeming with cultural and historical attractions. The iconic Borough Market, Londons oldest and most celebrated food market, is a short walk away, drawing both locals and tourists alike. Nearby, the artistic treasures of Tate Modern, housed in the Bankside Power Station, await discovery, along with the majestic Southwark Cathedral and the historic Globe Theatre. For commuters, the location is unbeatable. London Bridge station, offering mainline rail services as well as access to the Jubilee and Northern lines, is within easy reach, with Canary Wharf just three stops away. Alternatively, the Thames Clipper boat services from Bankside and London Bridge provide a scenic route for river travel, making this a truly exceptional place to call home.
Selling your property in Borough Place? Trying to find your perfect home to buy? Register with Chestertons Tower Bridge to get the full picture from the experts in the Borough market.
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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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