3 bedroom apartment for sale

£1,150,000

3

Bedrooms

2

Bathrooms

Floorplan

Offered to the market is this bright and spacious three double bedroom flat in the much sought after Dundee Wharf development in Limehouse, E14.

From its spacious double aspect reception room and large private terrace (Approx 275sq ft) practically overhanging the Thames, you have unrivalled panoramic views across the River towards the City and Canary Wharf, taking in many of London`s famous landmarks. This property offers 1333 sqft / 123 sqm of internal living space, and benefits from a luxury fully fitted kitchen off the reception room, two good sized bedrooms also with Thames views, a third bedroom which could also be used as a study/guest room, two updated bathrooms and extra WC/wash basin, a secure underground parking space, and ample built in storage throughout.

Dundee Wharf is one of Limehouse`s premier riverside developments, with its 24hr concierge, newly updated gym, and communal gardens. Located moments from Westferry DLR, taking you into the City (Bank and Aldgate) or Canary Wharf, Stratford International and Royal Greenwich. The newly finished Elizabeth Line (Crossrail) and River Bus are also a short walk away, giving you even more excellent transport links. This property should appeal to Canary Wharf and City workers looking for that special entertaining space or family home.

Just around the corner is Narrow Street, which is the main road in Limehouse, running parallel to the River Thames. Your local pubs include Gordon Ramsay`s Bread Street 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.

This flat is being sold chain free and viewings are highly advised.

Map location is not available for this property.

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

£ 950200

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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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
    £ 28750
  • 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

£ 87700
  • 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

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  %

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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