Are you an Estate Agent? Register here
9 Branch Road , , Limehouse, London
£695,000
Bedrooms
Bathrooms
This bright and spacious two double bedroom flat in Goodhart Place E14, is located on the edge of the Limehouse Basin and offers excellent water views from its larger than average reception room and balcony.
Goodhart Place was the first residential development to be built on the Limehouse Basin. Developed by Limehouse Developments in 1987, it is located on the south side of the basin and consists of 75 one, two, and three bedroom apartments and 3 storey town houses often with larger than average accommodation.
The properties are arranged around a private garden with a gated perimeter and benefit from a daytime concierge, secure parking spaces and garages. Located in a prime Limehouse location the apartments have a range of aspects overlooking the basin, Limehouse Lock or partial views of the River Thames.
This owner occupied flat since 2010, offers 968sqft / 90sqm (with the loft space offering additional storage and the potential to expand) of well laid out accommodation. Benefits to note are - two double bedrooms, an updated semi open plan kitchen, large reception room leading onto a balcony with basin views, two smart updated bathrooms (one being en-suite to the master bedroom), wooden flooring throughout the reception room and hallway, newly fitted double glazing (2021), and a private lock up garage and parking space.
The flat has a share in the freehold, and the current owner has also bought the loft space above the property, which covers the entire footprint of the flat, giving excellent development potential, subject to planning/building regulations.
Limehouse is the closest station reached in under a 5 minute walk, with the DLR taking you into the City & Canary Wharf in less than ten minutes. The DLR also takes you into Royal Greenwich, Stratford International and London City Airport. You can also pick up the C2C at Limehouse, which goes into Fenchurch Street and the Essex coast.
Goodhart Place is on Narrow Street, which is the main artery in Limehouse, running parallel to the River Thames. Your local pubs include Gordon Ramsay`s Bread St Kitchen, and The Grapes, which is part owned by Sir Ian McKellen. Both enjoy a great riverside location with water views and offer food and beverages.
Canary Wharf is also a short stroll along the Thames, and offers a multitude of bars, restaurants, and shops. Including, Waitrose/John Lewis, Marks and Spencer, Goldsmiths and Zara, to name a few.
Map location is not available for this property.
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.
The Property has been saved to your favorites
/ 5
It's quick and easy