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£900,000
Bedrooms
Bathrooms
This is a stunning two double bedroom two bathroom (one en-suite) loft-style ground floor conversion in the former Sarsons Vinegar Brewery at the back of Tanner Street and Tower Bridge Road. The property features exposed brick work, beautiful wood flooring and wood beams, superb fully fitted modern kitchen in a large dual-aspect open-plan living area, two good sized double bedrooms and beautifully finished bathrooms. The apartment also has its own very impressive front door!
Maltings Place is a lovely gated development offering a concierge service and conveniently located within walking distance of The City and ideally located for the vibrant Bermondsey Street offering a mix of boutiques, gastro pubs, bars, numerous restaurants and the popular White Cube Art Gallery. Opposite the development is Tanner Street Park offering public tennis courses. The outdoor communal areas are currently undergoing some very positive changes, including full landscaping including repaving and planting.
This wonderful property is being sold with no onward chain, approximately 113 year lease remaining, ground rent is 500 per annum and service charges are approximately 6,100.per year.
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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