3 bedroom penthouse for sale

£1,800,000

3

Bedrooms

2

Bathrooms

Floorplan

A stunning and stylish three-bedroom apartment located on the 25th floor of the prestigious Altitude Point, offering breathtaking views over Londons iconic skyline. This exceptional property is designed to impress, featuring a spacious entrance hall leading into a bright and airy reception room with a dining area, seamlessly connected to a fully-fitted open-plan kitchen. The apartment also boasts a private roof terrace, perfect for enjoying panoramic city views.

The main bedroom offers a luxurious retreat, complete with a walk-in wardrobe and a modern en-suite bathroom. A second double bedroom includes built-in wardrobes, while the third bedroom is generously proportioned and ideal for guests or additional living space. The property is completed by a stylish family bathroom finished to an exceptional standard and a dedicated laundry room for added convenience. Offered fully furnished, the apartment also benefits from an allocated underground parking space.

Altitude Point, completed in 2014 by Barratt Homes, is the tallest tower in Aldgate East, providing 26 floors of luxurious residential space. Residents enjoy 24-hour concierge services and access to a private communal roof terrace. Ideally located in the heart of Aldgates regeneration area, the property is within walking distance of the City, Tower Bridge, and the Tower of London. The picturesque St Katharine Docks, with its array of restaurants, cafes, and pubs, is just a short stroll away, as are the vibrant Brick Lane, Spitalfields Market, and Whitechapel Art Gallery.

This apartment combines luxury, convenience, and an unbeatable location, making it a rare find in one of Londons most desirable areas.

Local transports include Aldgate station (Circle and Metropolitan & City Lines), Aldgate East (District and Hammersmith & City Lines), Tower Gateway (DLR), Tower Hill (District and Circle Lines) and Fenchurch Street station (overground)

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 1524950

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 45000
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 174950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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