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8 New Providence Wharf, 1 Fairmont Avenue, London
£1,250,000 Guide Price
Bedrooms
Bathrooms
Rarely available, this premier three bedroom penthouse apartment on the 18th floor of the prestigious New Providence Wharf development benefits from an exceptional wrap around terrace boasting sweeping River Thames and O2 and not to mention a separate balcony with views of the Canary Wharf skyline. Coming with parking this luxurious property ticks all of the boxes, with floor to ceiling windows and a modern internal finish, its ready to move straight in. The property comprises a large open plan kitchen living room with modern island, three double bedrooms with built in storage, two ensuites, a main bathroom and copious outside space. This breathtaking apartment is positioned directly on the river allowing for stylish riverfront entertaining in front of the iconic O2 and River Thames.
Situated in the exclusive New Providence Wharf development, the apartment benefits from being a short walk from both Blackwall DLR and East India DLR stations, and also within walking distance to Canary Wharf for its many bars, restaurants and shops. Transports options will further improve with the arrival of Crossrail in 2018. The development benefits from 24hr concierge, valet parking, a gym and swimming pool.
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.
8 New Providence Wharf, 1 Fairmont Avenue, London
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