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St Davids Square, 320 Westferry Road, London
£775,000 Offers in excess of
Bedrooms
Bathrooms
An exceptionally spacious (approx. 1375 sq. ft. or 127.72 sq. m.), light and modern three bedroom, two bathroom second floor apartment with parking. Located in a quiet, secure and sought-after contemporary riverside development the apartment is designed to benefit from the proximity to the river and the tranquil and exclusive neighbourhood. The flexible and elegant main living area comprises a bright kitchen/ dining room and a separate living/ entertainment room. Both rooms feature dual aspect views and floor to ceiling glass doors which slide sideways and extend this delightful space onto two south and west facing terraces affording partial views of the Thames. The light-filled master bedroom features a bay window, an extensive built-in wardrobe and comes with a large en-suite shower room fitted with double sinks and cabinetry. Two further bedrooms and a family bathroom are set at the rear of the apartment.
Cumberland Mills Square development is very well positioned near the Thames Path, Island Gardens DLR station (Zone 2 with direct trains to Bank, Greenwich and Lewisham) and the Greenwich Foot Tunnel. It takes just under ten minutes to walk through to the tunnel to get to Cutty Sark and enjoy the fascinating heritage and attractions of the Royal Borough of Greenwich.
Cumberland Mills Square was designed by a former GLC architect, Donald Ball of Alan Turner & Associates, and developed and built by Thomas Bates & Son. The distinctive Cumberland Mills Square architecture, defined by brick clad cluster blocks, is based on the GLCs award-winning Odhams housing in Covent Garden, central London.
Tenure: Share of Freehold
Length of lease: Approx. 999 years remaining
Annual ground rent amount: Approx. 25pa
Ground rent review period: TBC
Annual service charge amount: Approx. 10,148pa
Service charge review period: Annually
Council: Tower Hamlets, Tax Band G
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.
St Davids Square, 320 Westferry Road, London
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