Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£550,000
Bedrooms
Bathrooms
Bright and airy spacious (1050 sq ft / 98 sq m) two bedroom, two bathroom third floor live/work apartment. This property requires a Live/Work mortgage only or cash buyer. Newly decorated and brand new flooring throughout, with a partly enclosed, east facing balcony accessed from both bedrooms over looking the communal courtyard and viewsacross to the Olympic Park. There are two double bedrooms, the master bedroom has en-suite and WC.The open plan living kitchen space has floor to ceiling windows which floods the room with natural light,there is also a Juliet balcony.The entrance hallway is spacious which has two storage cupboards, one which houses the electric water heater, the other houses the consumer unit. The main bathroom is also off of the hallway. This apartment is ready to go and would make an ideal first-time purchase or investment property.
Area:FishIsland, located in the E3 postcode area of London, is a vibrant and unique partof the city, nestled between the River Thames and the bustling neighborhoods ofBow and Stratford. Historically an industrial area, Fish Island has undergonesignificant transformation in recent years, evolving into a creative hub with amix of residential, artistic, and commercial spaces.The area ischaracterized by its striking warehouses and converted factories, many of whichnow house artists studios, galleries, and trendy cafes. The presence of thenearby Olympic Park adds to the appeal, offering green spaces, recreationalfacilities, and events throughout the year.Fish Islandboasts a strong sense of community, with local markets and events that bringresidents together. The proximity to transport links, including the Overgroundand DLR, makes it easily accessible, drawing in visitors from across London.The scenic views of the River Lea and the nearby canals also enhance its charm,making it a great spot for leisurely walks or cycling.Overall,Fish Island combines its rich industrial heritage with a contemporary, artisticvibe, making it a unique and attractive area in East London.
Tenure: Leasehold with 105 years unexpired from the original 125 yearlease commencement of the 25th of December 2005. Service Charges: The estimated service for April 24 March 25 is 2698.27. Ground Rent: A ground rent of 500 Per Annum. Council Tax Band: Band D EPC: Band BViewings: Viewingsstrictly by appointment via the sole agent Look 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
