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£1,850,000
Bedrooms
Bathrooms
On the market for the first time in 25 years and meticulously looked after and updated by its owner, this beautiful house is both uniquely positioned and ready to move into. Part of a small group of river front houses with arguably some of the best views of Tower Bridge these properties are increasingly being recognised as important examples of post modern docklands architecture. A contemporary and high specification five storey house with flexible living space, superbly fronted on the River Thames, located in the charming Rotherhithe Village.
The house benefits from a vast amount of beautifully appointed living space and balconies on both sides of the house, those facing North offering spectacular views of the River Thames and some of Londons most famous landmarks. The internal specification is superb with a sumptuous kitchen on the second floor that has an island, high end appliances, instant hot water tap, one piece stainless steel worksurface and wine fridge. There is a Sonos driven integrated hi-fi system, Tado for the heating, and Simplisafe for the security alarm system. There are two separate reception areas, three luxurious bathrooms, guest w/c and an off street car parking space. The generous principal bedroom with en-suite shower room has stunning river views. The second bedroom is currently set up as a large walk-in wardrobe. On the top floor is another generous bedroom with freestanding bath and en-suite shower room. The fourth bedroom / repection room / study is located on the ground floor, in addition to a useful utilty room.
Situation
Elephant Lane is located in the quaint and picturesque Rotherhithe Village and is within easy reach of both Rotherhithe and Canada Water underground stations. The property is a short walking distance from the green lush open space of Kings Stairs Gardens and Southwark Park, and it is just moments from the famous Mayflower Pub and the Thames Pathway.
Property Ref Number:
HAM-53636Your 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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