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117 George Lane, London
£650,000 Guide Price
Bedrooms
Bathrooms
''CHAIN FREE''
Stein McBride Property Co. Ltd. are delighted to present to the market this exceptional penthouse apartment, set within an exclusive gated development in the heart of South Woodford.
Arguably the most desirable penthouse in the area, this remarkable residence offers a luxurious lifestyle with an expansive internal layout, 24-hour concierge service, and breath-taking panoramic views stretching across East London and the picturesque Essex countryside. Complemented by two very large sun terraces, a high-end finish throughout, and every modern convenience one would expect from a property of this calibre, it truly is one of a kind.
As you enter through the secure gated entrance, the apartment is located at the far end of the development, ensuring peace and privacy. A well-maintained communal area takes you to the which lift swiftly carries you to the sixth floor, where youre welcomed into this beautifully finished and recently redecorated home.
The property comprises three generously sized double bedrooms, two of which benefit from en-suite bathrooms, and all with direct access to the sun terraces. Each room is freshly and neutrally decorated, offering a turnkey home ready to move into.
The family bathroom is a true retreat, featuring a jacuzzi bath with built-in TV - ideal for unwinding after a long day with a scented bubble bath, a cup of chamomile tea, and your favourite show.
The expansive master suite spans over 20 square metres and boasts plush carpets, mood lighting, a fitted wardrobe, and a stylish en-suite shower room. The additional bedrooms are equally well-presented, with one also enjoying an en-suite and both benefiting from newly fitted carpets.
A long, elegant hallway adds a sense of grandeur and leads to the stunning open-plan kitchen and living area, filled with natural light. Perfect for both entertaining and relaxing, the space flows seamlessly onto the expansive terrace - the ultimate spot for soaking up the sun, enjoying the views, and sipping a mocktail or a glass of bubbles.
This exceptional apartment includes two allocated parking spaces within the underground car park - the largest spaces available in the building.
Note that this building has recently had new cladding and is EWS1 compliant.
Viewing is highly recommended to fully appreciate this unique home.
Service Charge 4,500 per year
Ground Rent and Parking 200 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.
117 George Lane, London
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