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82-84 Bermondsey Street, London
£950,000
Bedrooms
Bathrooms
Situated in an award-winning development, this property offers a luxurious and contemporary living space that is sure to impress even the most discerning buyers. Upon entering the property, you are greeted by a generous living area flooded with natural light, creating a bright and welcoming atmosphere. The open-plan layout pseamlessly connects the living room with the fully equipped contemporary fitted kitchen, making it ideal for modern living and entertaining guests. In addition there is a useful separate walk-in utilities cupboard. The property boasts underfloor heating throughout, ensuring a comfortable and cosy environment all year round. The third floor location provides stunning views and access to a south-facing balcony, perfect for enjoying a morning coffee or relaxing in the evening sun. In addition to its prime location and spacious interior, this property also offers practical amenities such as secure bicycle storage, ideal for those who enjoy cycling around the city. The 999 year lease from 2016 provides buyers with peace of mind and long-term security.
Residents of this development enjoy access to a range of facilities, including 24-hour concierge services and a residents gym. The superbly maintained landscaped communal gardens and communal roof terrace offer a tranquil escape from the hustle and bustle of city life, providing residents with a peaceful retreat to relax and unwind.
Conveniently located close to London Bridge station, this property offers excellent transport links, connecting residents to the rest of London and beyond. 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 over ground 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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