2 bedroom apartment for sale

£550,000 Guide Price

2

Bedrooms

1

Bathrooms

Floorplan

Situated in the Historical Gated development of Bow Quarter is this exquisite two double bedroom top floor apartment. Renovated to a very high standard, this is a rare and unique opportunity, the apartment is located in Moreland Cottages, one of the original Victorian Villas constructed for the Directors of the Bryant & May Matchstick Factory. The building itself is grand in stature with Victorian architecture and Gothic architectural influences. Access to the apartment is via its own private entrance with the grounds including a 24 hour concierge, heated indoor swimming pool, beautiful landscaped gardens and gymnasium. The apartment also includes an allocated parking space, underfloor heating in the bathroom and additional loft storage. We highly recommend an internal viewing.

The apartment comprises of a private entrance, leading to the entrance hallway with a sweeping staircase and beautiful curved wall. This leads to the first landing space and provides access to the bathroom. The bathroom has been modernised to a high standard and includes underfloor heating and a utility cupboard with plumbing for a washing machine. Stairs then lead to the upper landing, a particularly interesting feature is the high ceilings and the pointed arch gable window, allowing plenty of light into the space. From the landing youll find all principle rooms to include two double bedrooms, the main bedroom has large in built wardrobes. The reception/kitchen includes a dining and lounge area, whilst including a recently fitted, high standard kitchen. Externally the property has the benefit of a private parking space and the apartment is available with no onward chain.

The grounds are very well maintained and include a 24 hour concierge for both convenience and security, beautiful communal areas, a large roof terrace seating area and access to wi-fi connection, residents 15m heated swimming pool with jacuzzi, sauna, steam room, gymnasium with access to classes including yoga, local convenience store and on-site postal service.

Bow Quarter is located on Fairfield Road and is a gated community with a wealth of impressive architecture and history. The location is convenient with Bow Church DLR station being located just 0.2 miles from the property and providing access to many locations in East London, including both Stratford and Canary Wharf. Then 0.4 Miles from the property is Bow Road Underground Station, including access to the District Line and Hammersmith and City Line, this can provide access into Central London within 10 - 15 minutes, including Liverpool Street Station. Hackney Wick Overground Station is located just 1 mile from the property and can also provide access to Highbury and Islington, Hackney, Camden and Kew Gardens with ease.

Bow is also popular due to its ease of access to many green open spaces, Grove Hall Park is under a 5 minute walk from the property, whilst others looking for larger green spaces will enjoy Queen Elizabeth Olympic Park just a 10-15 minute walk from the property and Victoria Park being around a 15 minute walk. From Victoria Park you can follow the Prince Regent Canal to both Broadway Market (very popular spot on a Sunday) or Columbia Road Flower Market. Many amenities are located nearby, with Bow Road shopping parade including a few convenience stores and petrol station. Access to Stratford is around a 20 minutes walk with all the facilities of Westfield Shopping Centre, however, it can also be accessed via the DLR and this will take 5-10 minutes.

The history of Bow Quarter and its architectural importance all adds to the strong sense of community. Originally a Bryant and May factory constructed in 1861, once being the biggest factory in London. It was the site of the Match Girls Strike in the 1880s this in turn formed the Union of Women Matchmakers, later renamed the Matchmakers Union. As a site of Historical importance English Heritage named the site with a blue plaque in 2022, this can be seen on the front of the building near the concierge office.

The site was one of East Londons first urban renewal projects and the factory building is still an integral part of the development.


EPC Rating: D

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

Mortgage Required

£ 456450

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
    £ 13750
  • 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

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£

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

£ 43950
  • 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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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
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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Final Property Value

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