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St Davids Square, 320 Westferry Road, London
£430,000 Offers in excess of
Bedrooms
Bathrooms
Beautifully presented one-bedroom property with river views from every room and a large 15 sq meter terrace, set within the fantastic New Union Wharf development. The bright living area boasts an open-plan kitchen with top-of-the-line integrated appliances, while engineered wood flooring adds a touch of elegance. The bedroom features built-in storage and a contemporary bathroom, with extra hallway storage offering more space than most similar flats.
Residents have access to secure cycle storage, communal gardens and lift access. New Union Wharf riverfront development is nestled on the riverbank, just moments away from the vibrant energy of Canary Wharf and boasting exceptional transport links.
Many of the apartments overlook either the waterfront, Greenwich or the O2, providing the perfect backdrop to enjoy the buzz of city living from the haven of home. Excellent transport links including DLR stations, Crossharbour and South Quay a short walk away. Situated just steps away from Canary Wharf, this development is an ideal location for commuters and provides easy access to a wide range of shops, restaurants, and amenities.
Tenure: Leasehold
Length of lease: Approx. 247 years remaining
Annual ground rent amount: None
Ground rent review period: N/A
Annual service charge amount: Approx. 3,720pa
Service charge review period: Annually
Council: Tower Hamlets, Tax Band D
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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