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£1,200,000
Bedrooms
Bathrooms
A stunning two double bedroom two bathroom, second floor (with lift access), share of freehold warehouse conversion with a balcony and a secure parking space by Bermondsey Street and very close to London Bridge, the Shard, More London, the River Thames, Borough Market and within easy walking distance of the City.
This amazing apartment is dual-aspect, bright and airy with exposed wooden beams, steal pillars, exposed brick work, loading doors and large Crittall windows and doors on the north-facing balcony with views towards the Shard and the City skyline.
This character property is in one of Londons most sought-after locations where the old meets the new offering a colourful selection of bars, boutiques, restaurants and art galleries surrounded by ample green spaces and all this close to the banks of River Thames and as well as Tower Bridge and river front area of Shad Thames. Tyers Gate is in the Bermondsey Street conservation area, a cul-de-sac along the picturesque Leathermarket Gardens and epitomizes what many call a village on the edge of the city.
The property is being sold with no onward chain, a share of freehold, secure parking and the service charges are approximately 1,819.52
per annum.
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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