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£600,000 Guide Price
Bedrooms
Bathrooms
This stunning split level apartment is located in the Turret of the original Grade II listed Bryant and May Factory in Bow Quarter. Enjoying windows facing to a Westerly elevation the apartment has been presented to a very high standard and benefits from the use of all the facilities and amenities that Bow Quarter has to offer. The property has a private allocated parking space and a useful storage area located under the bedrooms.
The accommodation is located on the third floor with main entrance hallway and staircase leading to the main accommodation, the feature of this apartment is the impressive split level reception room, with a large living space that opens into the kitchen (with breakfast bar) and further stairs then leading to the upper reception room, with wrap around windows. This floor also has two bedrooms, one including storage cupboard/walk in wardrobe and modern fitted bathroom.
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 0.3 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.
Map location is not available for this 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.
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