2 bedroom apartment for sale

£975,000

2

Bedrooms

2

Bathrooms

Floorplan

Chanin Estates is proud to present this stunning and beautifully presented top floor two bedroom apartment with lift access and secure underground car parking. This immaculate property is situated in the sought after and gated development of Little London Court ideally located by the Thames waterfront, whilst residents enjoy an array of local restaurants and convenient transport.

A cobbled courtyard approaches the accommodation which comprises of an inviting hallway leading on to two double bedrooms. The main bedroom is complemented with a walk in wardrobe which has access to the abundance of loft space in the apartment and also an ensuite comprising of a spacious shower cubicle. The Italian Presotto bespoke fitted wardrobe also includes an integrated television within the mirrors. The second bedroom also benefits from bespoke fitted wardrobes.

Exploring further into the apartment is the open plan living area with Soul white tiled flooring and a Leicht tailored luxury kitchen fitted with all Siemans appliances, a plethora of storage cupboards, and an island.

The property has a south west facing aspect which floods each room with natural light. The property has the benefit of underfloor heating throught each room.

Little London Court is a converted warehouse building in the historic and very fashionable Shad Thames neighbourhood. The River Thames is just at the end of the street and a footbridge takes you to the Tower Bridge waterfront which is flanked by some excellent restaurants and bars. It is located within 0.4 miles of Bermondsey tube station which is on the Jubilee Line for access to Canary Wharf and the West End. London Bridge station and the City can both be accessed by foot within 1 mile and 1.5 miles respectively.


Features
  • Freehold

Map location is not available for this property.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 797075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 24375
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 65825
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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