Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£550,000
Bedrooms
Bathrooms
Property Reference Number: 462828. Welcome to an exquisite 16th-floor apartment located in the heart of London, E14 on Park Drive. This luxury apartment, spanning an impressive 499 square meters, offers a remarkable living experience with its sophisticated design and panoramic views of the city's iconic skyline. Featuring a spacious bedroom and a modern bathroom, this property is tailored for comfort and elegance. The open kitchen and dining area are perfect for entertaining, while the separate living room provides a serene space for relaxation. Additionally, a private gym within the apartment ensures convenience and privacy. Sleek finishes and contemporary fittings combine to create a stylish urban retreat ideal for discerning homeowners.Getting Around:Situated in Tower Hamlets, this property benefits from excellent transportation links. Just moments away are major highways such as the A13 and A12, providing swift access to central London and beyond. The Canary Wharf station, part of the Jubilee Line, enhances the connectivity further, making commutes and city explorations effortless. For those who prefer cycling or walking, the well-maintained paths in the vicinity are a delight, ensuring all routes lead seamlessly to popular destinations and business hubs around London.Local Life:The vibrant community around Park Drive in London E14 offers a plethora of lifestyle options. From upscale dining experiences at renowned restaurants to the diverse retail opportunities in nearby shopping centers like Canary Wharf, every need is catered to within a stone's throw. Cultural landmarks and entertainment venues contribute to the dynamic atmosphere, making it a lively area to call home. Residents enjoy the perfect blend of urban excitement with tranquil spots along the River Thames, ensuring a richly balanced lifestyle.
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
