2 bedroom apartment for sale

£700,000

2

Bedrooms

2

Bathrooms

Floorplan

A Beautiful, Bright & Spacious 2 Bed 2 Bath apartment set within this sought after Canal-side development.

The accommodation is contemporary throughout and boasts a wonderful open plan reception/dining area with wooden flooring throughout, modern kitchen with integrated appliances. The living space offers access out to an attractive balcony. There are two double bedrooms, master bedroom with en-suite bathroom with power shower, a main family size bathroom with bath and shower and a separate utility/storage area.

Hertford Wharf is considered to be amongst the most sought after developments along the Regents Canal. Located less than a five minute walk from Haggerston Overground Station offering routes to Highbury and Islington and Canary Wharf, its surrounded by some of East Londons best independent waterside cafes, shops, bars, galleries and creative work spaces.

Within the basin there is a new coffee shop/cafe and creative co-working space.

Also within a short walking distance of Broadway Market, London Fields, Columbia Flower Market, Victoria Park and Angel.

The apartment is less than a five minute walk from Haggerston Overground Station offering routes to Highbury and Islington and Canary Wharf and there is a TFL "Boris Bike" station directly next to the development.

Close proximity to the City, Hoxton, Shoreditch and Islington and easy access to the Olympic Park, make Hertford Wharf a location which offers the best of both worlds, where waterside cafes, shops, bars and offices sit alongside converted warehouses and relics of Londons industrial past to create a cool and relaxed atmosphere for living amidst the buzz of Londons most exciting places to work and play.

Travel/commute via Haggerston Station - London Overground below (cycling time is very similar)

2 minutes to Hoxton
2 minutes to Dalston Junction
5 minutes to Shoreditch High Street
10 minutes to Highbury & Islington
18 minutes to Liverpool Street
20 minutes to Canary Wharf
21 minutes to Stratford
26 minutes to Oxford Street
28 minutes to Leicester Square
32 minutes to London City Airport
35 minutes to Baker Street

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

£ 580200

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

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
    £ 17500
  • 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

£ 55200
  • 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

Adjust these figures

  %

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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