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82-84 Bermondsey Street, London
£620,000
Bedrooms
Bathrooms
In 2003 the buildings were converted into a collection of stunning and luxurious apartments, each uniquely combining their industrial past. Residents of the Jam Factory benefit from a range of amenities, including 24-hour concierge services, beautifully cared for communal areas and super-fast fibre-optic broadband.
This sophisticated apartment elegantly blends its industrial past with modern design. The spacious interior with polished wood flooring extends to approximately 633 square feet and has an noticeable impression of space and calm. The huge living room of almost 11 metres has exposed brickwork, high ceilings, and industrial features, combined with contemporary design to create a stylish and comfortable living space. There is excellent natural light from an array of sash windows, flooding the living space with an abundance of natural light and providing uninterrupted westerly roof top views with the city skyline in the distance. The stylish open-plan kitchen is fully fitted with excellent storage. There is a superbly appointed bathroom and the double bedroom has a very modern feel with floor to ceiling sliding doors with opaque glass.
The Jam Factory is quietly located on Green Walk and is a short walk to Bermondsey Street which has become one of Londons most fashionable locations with an eclectic and unique blend of independent businesses, bars, boutiques and restaurants amongst art galleries such as the White Cube and Zandra Rhodes Fashion and Textile Museum. The City is within easy walking distance as is the River Thames, Tower Bridge and the Tate Modern. Historic Borough Market is also within close proximity, alongside Maltby Street/Ropewalk, the popular street food market. This Zone 1 neighbourhood is well served by many transport links. There are plenty of bus routes on the doorstep and train links include London Bridge station (National Rail, Jubilee Line and Northern Line Underground), Borough station (Northern Line Underground) and Elephant and Castle station (National Rail, Bakerloo Line Underground).
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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