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£1,500,000 Offers in excess of
Bedrooms
Bathrooms
Overlooking Battersea Park the wonderfully bright, lateral living space extends to 1,461 square feet and provides four bedrooms, the principal bedroom enjoying an en suite bathroom, a separate family bathroom, a kitchen/dining room and a generous reception room. Further benefits of the property include period features such as the tall windows flooding light into the apartment, both reception rooms boasting views over Battersea Park and an on-site porter. Please note the photos have been virtually staged.
Situation
Overstrand Mansions is a most sought-after mansion block on Prince of Wales Drive overlooking Battersea Park, with circa 200 acres of green space, a Zoo and access to the Thames. The newly developed Battersea Power Station provides an array of shops, bars and restaurants with some of Europes best shopping and notable restaurants. Battersea Power Station (Zone 1), is served by the Northern Line extension which offers fast and frequent access to both central London and the City. Further transport links can be found at Battersea Park and Queenstown Road for overground services to Victoria and Waterloo respectively. Further transport links include the river bus running between 24 piers East to West.
Property Ref Number:
HAM-38886Your 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.
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