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9 Branch Road , , Limehouse, London
£850,000
Bedrooms
Bathrooms
A three bed penthouse with far reaching views towards Canary Wharf and the City of London skyline. Located in the well regarded Berglen Court development, this property has a dual aspect private terrace.
This spacious 1179 sqft/ 109 sqm penthouse on the seventh floor of this secure development is located on the north west corner of the Limehouse Basin. It would benefit from some internal refurbishment, however the flat offers three good sized bedrooms, a separate kitchen, two bathrooms (one being en-suite to the master bedroom), a double aspect reception room, and a large L shaped terrace with views over the Limehouse Basin towards Canary Wharf one way, and towards the City of London skyline the other. The property also includes a secure parking space.
This property offers an excellent opportunity to refurbish this preferential space to ones own specification. Viewings are highly advised. Being sold chain free.
This ppopular waterside development is moments from Limehouse DLR, which takes you into Canary Wharf or the City in under ten minutes either way. The DLR also connects you to Stratford International and South of the Thames at Royal Greenwich. You can also pick up the C2C in Limehouse which takes you to the Essex Coast or Fenchurch Street.
Historic Narrow Street is a short stroll away, with local pubs/eateries such as, Gordon Ramseys 'The Narrow', and 'The Grapes', which is part owned by Sir Ian Mckellen. Canary Wharf is also very accessible, and has a multitude of bars, restaurants and shops. Including Waitrose/John Lewis and Marks & Spencer, to name just 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.
9 Branch Road , , Limehouse, London
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