2 bedroom apartment for sale

£495,000

2

Bedrooms

1

Bathrooms

Floorplan

Property Reference Number: 340220. Experience luxurious living in this stunning 2-bedroom apartment located in the highly sought-after Bridge House Quay, London, E14. Spanning a total of 61.3 sqm, this beautifully designed third-floor residence offers modern living with a perfect blend of comfort and elegance. The property features two spacious bedrooms, a contemporary bathroom, a well-lit living room, and a fully-fitted kitchen. You'll also enjoy relaxing on your private balcony, taking in the scenic views of the bustling city. Ideal for professionals or small families, this apartment provides a serene retreat in the heart of London.Declaration of Interest:In accordance with the Estate Agency Act 1979, we hereby declare that a family member of an individual associated with this business has a personal interest in the sale of this property. For further details, please do not hesitate to contact us directly.Getting Around:This prime location offers exceptional convenience when it comes to transportation. Situated near major highways and numerous public transport options, commuting is a breeze. Canary Wharf and its countless business hubs are just a short walk away, while the nearby DLR and Jubilee tube lines offer swift access to Central London. Whether you're heading to work, the airport, or exploring the city's iconic landmarks, all are within easy reach from your new home.Local Life:Bridge House Quay is nestled in a vibrant neighborhood teeming with life and culture. Step outside to discover an array of fine dining restaurants, chic cafes, and fashionable boutiques. Thrive on the local arts and entertainment scene with nearby theatres, music venues, and galleries. Shop to your heart's content at Canary Wharf Shopping Centre, or enjoy a leisurely stroll along the serene waterfront promenades. The area promises a rich and active lifestyle, catering to diverse tastes and preferences.

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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

£
£
£
£

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

Mortgage Required

£ 411075

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
    £ 12375
  • 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

£ 39825
  • 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.

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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

£
  • 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

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  %

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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