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82-84 Bermondsey Street, London
£1,295,000
Bedrooms
Bathrooms
The property is at the end of an attractive terrace of similar houses, and deceptively spacious with an interior of almost 1,600 square feet. The ground floor entrance leads to the particularly generous living space with recently re-laid wood flooring and excellent natural light from dual Velux roof lights. Beyond, the kitchen is comprehensively fitted and fully equipped. Double doors from the dining area lead to an inner courtyard with a flight of stairs to the fully screened roof terrace which has excellent privacy and is ideal for outside entertaining. The kitchen leads through to a large store room at the rear. The first floor provides three bedrooms with a bathroom and a shower room. The second floor features the main bedroom with a full range of fitted wardrobes, an en-suite bathroom and full-length doors to a small terrace behind the front parapet wall. The large ground floor store room allows access to the side car park and has been converted from a former garage, providing excellent storage and a secure bicycle store.
The house enjoys a hugely convenient position, located moments from the historic Bermondsey Square, the home of the renowned Bermondsey Antiques Market (every Friday morning), together with the Bermondsey Square Hotel and independent cinema. Tanner Street Park includes tennis courts. Bermondsey Street, Borough Market, and the Southbank are on your doorstep with numerous attractions including the Bridge Theatre, White Cube Gallery, Tate Modern and the ever-growing international food scene with an excellent array of cafs and restaurants including Joses Tapas bar and Pizarro restaurant, Angela Hartnetts Caf Murano, Casse-Croute, Baccala and the creative culinary delights of Maltby Street.
The Thames Path with its riverside walks is a short distance away, with the City of London accessible by walking over either London Bridge or Tower Bridge. London Bridge station is within easy reach (Overground, National Rail, Jubilee, and Northern lines), as is Bermondsey Station (Jubilee) and London Bridge City Pier offering a TFL River Bus service.
Agents Note. The garage entitles the owners to access the secure gated car park. The owners have a key to the gate.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £5,600.45
Total Interest: £721,160.53
Overall Total: £2,016,160.53
Amortization For Monthly Payment: £5,600.45 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £41,058.73 | £26,146.62 | £1,268,853.38 |
| 2026 | £40,209.66 | £26,995.70 | £1,241,857.68 |
| 2027 | £39,333.01 | £27,872.34 | £1,213,985.34 |
| 2028 | £38,427.90 | £28,777.45 | £1,185,207.89 |
| 2029 | £37,493.39 | £29,711.96 | £1,155,495.93 |
| 2030 | £36,528.54 | £30,676.81 | £1,124,819.12 |
| 2031 | £35,532.35 | £31,672.100 | £1,093,146.12 |
| 2032 | £34,503.82 | £32,701.53 | £1,060,444.59 |
| 2033 | £33,441.89 | £33,763.46 | £1,026,681.13 |
| 2034 | £32,345.47 | £34,859.88 | £991,821.24 |
| 2035 | £31,213.44 | £35,991.91 | £955,829.34 |
| 2036 | £30,044.66 | £37,160.69 | £918,668.65 |
| 2037 | £28,837.92 | £38,367.43 | £880,301.22 |
| 2038 | £27,591.100 | £39,613.36 | £840,687.86 |
| 2039 | £26,305.61 | £40,899.74 | £799,788.12 |
| 2040 | £24,977.45 | £42,227.90 | £757,560.22 |
| 2041 | £23,606.16 | £43,599.19 | £713,961.03 |
| 2042 | £22,190.34 | £45,015.01 | £668,946.02 |
| 2043 | £20,728.55 | £46,476.80 | £622,469.22 |
| 2044 | £19,219.28 | £47,986.07 | £574,483.15 |
| 2045 | £17,661.00 | £49,544.35 | £524,938.80 |
| 2046 | £16,052.12 | £51,153.23 | £473,785.57 |
| 2047 | £14,390.100 | £52,814.35 | £420,971.22 |
| 2048 | £12,675.93 | £54,529.42 | £366,441.80 |
| 2049 | £10,905.17 | £56,300.18 | £310,141.61 |
| 2050 | £9,076.90 | £58,128.45 | £252,013.16 |
| 2051 | £7,189.26 | £60,016.09 | £191,997.08 |
| 2052 | £5,240.33 | £61,965.02 | £130,032.05 |
| 2053 | £3,228.11 | £63,977.24 | £66,054.81 |
| 2054 | £1,150.54 | £66,054.81 | £0.00 |
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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Thu May 29 2025
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Thu May 29 2025
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