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£899,950
Bedrooms
Bathrooms
A stunning three-bedroom, two-bathroom penthouse, with access to a terrace, stunning views of the City skyline and secure allocated parking, in this iconic factory conversion on Long Lane. With daytime concierge and situated a few steps away from Bermondsey Street and within short walking distance of London Bridge, Borough Market, the Shard, the River Thames and within easy walking distance of the City.
This lovely apartment is set over the fourth and fifth floors of this former leather tannery which still has the original rain water tank and internally the flat has exposed brick work, original Crittall windows, steel and wooden beams and on the upper floor wooden flooring. The three bedrooms are all on the lower floor, the main bedroom has an en-suite bathroom, and there is a shower room as well. The large living room and open-plan kitchen is accessed via spiral staircase to the fifth floor with access to the terrace.
The location has become one of Londons most popular places to live and work. Tanners Yard is very close to all the fantastic culinary delights of Bermondsey Street, Borough Market and Shad Thames, all amenities are within walking distance and public transport links are excellent. The area has a lovely village feel to it with amazing restaurants such as Joses Tapas bar and Pizarro restaurant, Angela Hartnetts Caf Murano, Casse-Croute, Baccala and the Michelin star Trivet on Snowsfields and many more. There is a great selection of boutiques, gastro pubs, bars and the renowned White Cube Art Gallery is nearby.
This property is being sold with no onward chain, share of freehold and approximately 5,987pa service charge.
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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