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£899,950
Bedrooms
Bathrooms
This is a stunning approximately 1400 square foot first floor, two bedroom, two bathroom, share of freehold, factory conversion with a large private balcony, high ceilings, tall windows, robust iron columns and exposed brick work. This iconic, former Hartley Jam factory is a gated development with 24-hour concierge set in a lovely location within easy walking distance of all amenities and transport.
The property is superbly presented with a dual-aspect living room and fully fitted open-plan kitchen, bathroom and storage off the hallway, two double bedrooms of which the main bedroom has a dressing area and an en-suite shower room.
This area is one of most sought-after locations to live and work with an array of restaurants, bars, boutiques, coffee shops, galleries, parks, and the world-renowned Borough Market is within a short walking distance and so is Maltby Street Market, Bermondsey Square Antiques Market and the fantastic river front area of Shad Thames is also nearby.
This fantastic property is being sold with no onward chain, share of freehold (underlying lease approximately 974 years remaining), ground rent is 150pa and service charges currently approximately 10,000 (due to go down in near future).
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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