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9 Branch Road , , Limehouse, London
£849,000
Bedrooms
Bathrooms
This spacious three double bedroom flat has an excellent south/west aspect from the balcony, along with sweeping views across the Limehouse Basin, E14.
Located in the Sought after Pinnacle/Berglen Court block, this larger than average flat (1270sqft/118sqm) three bedroom flat has floor to ceiling windows in the bright reception room, a fully fitted open plan kitchen, an en-suite bathroom to the master bedroom, and additional family bathroom. Secure underground parking, and use of the enclosed communal garden is also included.
Berglen Court, built by Bellway Homes in 1999, occupies a prominent position over the Limehouse Basin. This sought after building, also known as the Pinnacle, is considered by some to be one of the best blocks on the basin. The development also has a concierge/24hr security.
Narrow Street is also a short walk away, with its popular riverside pubs overlooking the River Thames (Bread Street Kitchen - Gordon Ramsey gastro pub, and The Grapes, which is Part owned by Sir Ian McKellen). Canary Wharf with its multitude of shops (Waitrose/John Lewis, etc) is also within very easy access.
The property is a short walk to the Limehouse DLR, giving easy access to the city, Canary Wharf, and east and south London. You can also pick up the C2C here, taking you into Fenchurch Street, or the Essex Coast/Leigh on Sea.
The development has a compliant EWS1 certificate and is being sold chain free.
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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