3 bedroom apartment for sale

£450,000 OIRO

3

Bedrooms

Floorplan

Towards the top of this striking landmark building, on the 35th floor, this stunning three bedroom apartment affords fantastic views towards central London, taking in the both City and Canary Wharf.

The accommodation is no less impressive, providing an entrance hall with lots of useful storage, a 26 open-plan living space with generous fully-fitted kitchen area and plenty of space for entertaining, a master bedroom with fitted wardrobes and an en-suite shower room/wc, a second double bedroom also with a built-in wardrobe, a third bedroom - which could also easily be a double - and a stylish main bathroom/wc. A particular feature to note in this apartment is the climate control air conditioning throughout Externally there are well-kept communal areas, including a hotel-style lobby with concierge desk, a gym for residents of this building only and a lounge/co-working area. There are also two high-speed lifts. Outside space is provided by a roof terrace accessed via one of the lower floors.

The Saffron Central Square development was constructed by well-regarded Berkeley homes and finished in 2016/17. For a time the Pinnacle Apartment building was the tallest in Croydon and still dominates the skyline on that side of the town, with its unusual rhomboid shape and eye-catching coloured exterior in an ombre pattern. The favoured commuter station at East Croydon is just a 5-10 minute walk away where Thameslink and Southern rail services offer fast trains into London and beyond, or out to Gatwick Airport and the South Coast. Tramlink and the London Overground link up with the Underground network and can take you to Docklands avoiding Zone 1 charges.

There is a Tesco Express store within the Saffron Square development and further convenience shopping can be found around the Station. Also by the Station is Boxpark with its bars and eclectic range of street-food outlets. Croydons busy town centre is just across the road offering a wider range of shopping and leisure facilities including the historic Surrey Street Market. The famous Fairfield Halls is also within easy reach, hosting a wide range of entertainers.

Available with no onward chain, call the sellers sole agent Marin & Co Croydon now for an appointment to view!

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

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£
£
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Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 373950

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
    £ 11250
  • 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

£ 36450
  • 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.

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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

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  • 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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