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£635,000
Bedrooms
Bathrooms
This two bedroom, two bathroom, dual aspect apartment is situated in the gated development of Victory Place Limehouse.
The property comprises a large, bright, open plan reception with a fully fitted kitchen and dining area. From the lounge area, French doors open to a vast balcony, which is also accessible from the second bedroom through another set of French doors.
The balcony is set in a peaceful location with great views overlooking the charming scenery of Limehouse Marina.
The generous main bedroom boasts access to an additional private balcony and ensuite. The outside spaces face south and west, so sun can be enjoyed on the balconies and inside the property throughout the day.
The development further benefits from a Residents Gymnasium, Separate Secure Cycle Storage, Concierge and Allocated Parking. Victory Place is located just off the desirable NARROW STREET where you will find the best wining and dining experiences in Limehouse.
CANARY WHARF and WAPPING are both short walks along the river and good transport links from LIMEHOUSE DLR station provide speedy access into the City, Canary Wharf, Stratford and London City Airport.
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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