3 bedroom penthouse for sale

£2,295,000

3

Bedrooms

3

Bathrooms

Floorplan

An outstanding duplex penthouse on the 4th and 5th floors with unrivalled panoramic views of the capital?s skyline, and featuring a stylish and beautifully appointed air conditioned interior, extensively refurbished in recent years. The spectacular and voluminous living space on the top floor, has fantastic natural light from the array of glazing with full width floor to ceiling sliding doors to the spectacular west facing terrace with retractable roof and uninterrupted panoramic views. A wide ceiling height window boasts a breath taking view of the city skyline and a huge roof light floods the kitchen with natural light. All the interior has been comprehensively refurbished to the highest specification with particular attention to the detail and materials. Professionally installed Kite wood flooring extends throughout the interior and a Smart Home with Control 4 system manages the lighting, Air conditioning, Audio and Audio Visual throughout the interior. No expense has been spared with the internal specification. The semi professional kitchen from Eggersman is comprehensively fitted with high end integrated appliances from Miele and VZug. The main bedroom on the 4th floor is beautifully appointed with a bespoke adjacent dressing room and sumptuous bathroom. The second bedroom with its own bathroom is located opposite.

The property is quietly situated in a Bell Yard Mews, a secluded mews leading from Bermondsey Street, the entrance opposite the White Cube Gallery. The vibrant Bermondsey Street locally known as Bermondsey Village, is now synonymous with an ever growing international food scene with an excellent array of restaurants including Joses Tapas bar and Pizarro restaurant, Angela Hartnetts Caf Murano, Casse-Croute, Baccala and a host of others to suit every culinary taste. The street is known for its eclectic mix of boutiques, gastro pubs and bars, and is also the home of the renowned White Cube Art Gallery. Nearby Bermondsey Square has the weekly antiques market and independent cinema. The City is accessible by walking over Tower Bridge. London Bridge station provides Northern and Jubilee Underground lines, plus London over ground trains.


EPC Rating: C

Features
  • Freehold

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

£ 1967975

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

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 57375
  • 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

£ 246725
  • 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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