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644/646 Mile End Road, London
£540,000 Fixed Price
Bedrooms
Bathrooms
Situated in Lanyard Court of the St Pauls Square development is this modern, contemporary two double bedroom, two bathroom apartment. This bright and spacious apartment comprises of entrance hall, spacious open plan living/dining/kitchen with balcony, two double bedrooms with en-suite to master bedroom and bathroom. The well-maintained building benefits from two lifts, a large communal garden space and secure bicycle storage facility.
Location:
Lanyard Court is located a only a few minutes walk to Mile End Station (Hammersmith & City, District and Central Line) and Bow Road Station (Hammersmith & City and the District Line and the DLR) offering great connections to the City of London and Oxford Street.
Canary Wharf is just a 10 minute bus ride away which benefits from a host of shops, bars and restaurants as well excellent transport links including a brand new Elizabeth Line station offering direct routes to Heathrow Airport.
An eight minute walk takes you to Mile End Park (and the start point for the local Parkrun) which flows into Victoria Park. Regents Canal offers picturesque walking and running routes.
Nearby Queen Elizabeth Olympic park offers you plenty of choice of dining or sporting activities. Shopping facilities at in Westfield are superb with over 200 stores in one location.
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.
644/646 Mile End Road, London
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