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£2,300,000
Bedrooms
Bathrooms
Opportunity to acquire an amazing spacious and bright 2 bed, 2 bath apartment in the Gehry Partners designed Prospect Place 2 building at the Battersea Power Station development in Nine Elms, London. Living in Battersea Prospect Place will be like calling an architectural masterpiece home.
Battersea Prospect Place will be Frank Gehrys first residential space in the UK. The buildings all have access to a private garden and each home has its own winter garden or terrace.
The apartment benefits from a generous winter garden and fantastic views of the Power Station and Prospect Park.
Prospect Place 2 is located few steps from Electric Boulevard which is a wide and multilevel street which connects the new Zone 1 London Underground station to the south, with the Power Station itself. Lined with shops, restaurants and cafes, the new landmark buildings create the gateway to the Battersea Power Station.
2 bedrooms, 2 bathrooms
Internal area: 1,043 sq. ft. / 96.9 sq. m.
Winter Garden: 71.8 sq. ft. / 6.7 sq. m.
Gross area: 1,114 sq. ft. / 103.6 sq. m.
Indicative aspect: Power Station / Prospect Park
Lease: 999 years from 2013
Please note that the pictures shown are for illustration purpose only. Some of the images are actual photographs of residents facilities in Phase 1 of the development.
Amenities & Facilities
Residents will enjoy ample amount of amenities and facilities such as 24 hours concierge, a residents lounge, bar, business centre, fully equipped gym, swimming pool, spa, games room, private cinema, roof garden and much more.
A carefully chosen retailers based on site will mean that whatever you need will be right there. Moreover, a theatre, fashion houses, bars and food outlets will make living here a remarkably convenient and an enjoyable experience.
And yes, if you do need to travel in and around London, just walk to the new Battersea Power Station northern line tube located right within the development or choose the river taxi service off the jetty.
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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