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82-84 Bermondsey Street, London
£795,000
Bedrooms
Bathrooms
Designed by architect, Rick Mather, Grange Walk Mews was built in the late 1980s and combines the character of the former Victorian schoolhouse with three contemporary Mews houses with a secure gated entrance leading to the courtyard, and allocated off street parking.With its own street entrance and first floor living space, leading to a private south facing terrace, the interior is in immaculate condition, with a complete redecoration in recent months together with new carpets throughout. The gas boiler (GlowwormEnergy30cCombinationBoiler) was replaced in 2021. New Black Steel terrace French doors with double glazing were fitted upstairs in 2022. The gutters and downpipes were replaced with new ones in mid 2023, and more recently, since September 2024 there has been the installation of new double radiators and LED lights throughout; replacing bedroom one sliding mirrored wardrobe doors; new roller blinds, complete refitting of the bathroom including a shower, WC, sink and tiling, Amtico flooring in the bathroom and kitchen, replacement of the exterior step and bench seating, new lighting and switches in living room and new Velux skylight glass in the rooflight.
Grange Walk Mews is quietly and conveniently located off Grange Walk and is therefore within easy reach of the vibrant Bermondsey Street locally known as Bermondsey Village, 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 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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