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£485,000 Guide Price
Bedrooms
Bathrooms
Hue Homes presents this three-bedroom flat in SE1 offering an opportunity to live in one of Londons most desirable and well-connected areas. The property features three bedrooms, ideal for families, professionals, or those seeking additional space for a home office or guest room. The flat also boasts a bright and airy living room which includes a private balcony with views of The Shard, ideal for relaxing or entertaining, with natural light streaming through large windows that create a warm and inviting atmosphere. There is room for improvement and an opportunity to add your personal touch to your home.
Commuting is effortless with excellent transport links nearby, including Southwark and London Bridge stations, providing quick access to the City, Canary Wharf, and beyond. The vibrant SE1 neighborhood also features picturesque riverside walks and a mix of historical landmarks and modern architecture. Green spaces like Jubilee Gardens and Potters Fields Park offer serene escapes from the urban pace, making this location ideal for those seeking both city excitement and moments of tranquility.
Situated in the heart of SE1, this property benefits from an unbeatable location. Just a short walk from the iconic South Bank, residents can enjoy world-class cultural attractions, including the Tate Modern, Shakespeares Globe, and the National Theatre. The area is also home to Borough Market, one of Londons most renowned food markets. For dining out, SE1 offers an impressive selection of restaurants, cafes, and bars, catering to all tastes.
Lease Remaining: 105 years
Service Charge approx 1800 pa
Ground rent: 10
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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