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82-84 Bermondsey Street, London
£1,100,000
Bedrooms
Bathrooms
Nestled discreetly in the tranquillity of a former Bible factory, and part of a gated community comprising of only 4 apartments, this exceptional warehouse-style apartment presents a harmonious blend of modern luxury and industrial character. With a share of freehold ownership, the unique residence has been meticulously reconstructed and refurbished in 2023 to epitomise sophisticated urban living.
Boasting a seamless fusion of historic charm and contemporary comfort, this remarkable living space showcases a plethora of exquisite features. A zonal underfloor heating system, paired with a smart boiler and direct feed hot water system, offers warmth with efficiency. The entire plumbing system, replaced at the end of 2023, includes the two bathrooms replaced at the same time.
The natural aged hardwood oak floors lead throughout the living areas, beneath the wood-panelled ceilings providing timeless character. The interior was also fully rewired at the same time complete with Cat6 cabling and complete Wi-Fi coverage for enhanced connectivity. The heart of the home resides in the exquisitely crafted English kitchen, featuring top-of-the-line Neff appliances together with 20mm quartz workshops. The separate utility includes Samsung appliances.
Wood Place is quietly and conveniently located off Grange Road and is therefore within easy reach of 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 Kino independent cinema. The City is accessible by walking over Tower Bridge. London Bridge station provides Northern and Jubilee Underground lines, plus London overground trains.
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.
82-84 Bermondsey Street, London
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