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£1,300,000
Bedrooms
Bathrooms
This is a truly stunning, over 1500sqft, three double bedroom, two-bathroom 6th floor apartment with a large balcony (123sqft) and amazing views in this luxurious newly converted Victorian Pickle Factory close to Bermondsey Street and London Bridge offering 24-hour concierge, communal gardens and residents gym.
This magnificent property has a loft style dual aspect open plan living area with a beautiful fully fitted high quality kitchen, wood flooring, very large windows and access to the South-West facing balcony. The kitchen has white Corian worktops, integrated Siemens appliances and Bora induction hob and downdraft extractor in a centralized island. The three bedrooms are all double rooms with built in wardrobes with the main bedroom benefitting from a walk-in wardrobe and an en-suite shower room, another fully tiled bathroom, an additional WC and lots of storage off the hallway.
This amazing apartment is finished to the highest of standards with tall ceilings, electric remote controlled blinds, underfloor heating throughout, utility cupboard off the hallway, bespoke bedroom storages and bathroom cabinets, handleless matt laminate kitchen units and tiled splash backs just to give a glimpse into the top-quality specification of this beautiful apartment (Full specification can be provided separately).
The property is being sold with no onward chain, approximately 990-year lease remaining, ground rent is 500pa and service charges approximately 9000pa.
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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