3 bedroom penthouse for sale

£750,000

3

Bedrooms

2

Bathrooms

Floorplan

DESCRIPTION A stunning penthouse apartment with large terraces to the east, south and west. Tempus Court is a gated and executive lift-served development of apartments in two buildings within beautifully maintained garden grounds. This apartment is located on the top floor of the building that stands at the rear of the site and is wonderfully tucked away to give real tranquility whilst being a short distance from the nearby and vibrant range of restaurants, cafes and shops. South Woodford Central Line station is a short walk away and the apartment has the benefit of two private and secure underground parking spaces. The 3-bedroom accommodation is smartly presented and gives light and bright accommodation that will suit a range of buyers needs.

COMMUNAL HALL With a lift leading up to the third/top floor.

ENTRANCE HALL Two built-in cupboards.

L-SHAPED KITCHEN, LIVING & DINING 23 8' max x 20 8' max (7.21m x 6.3m) With full glazed doors to the terrace.

BEDROOM 1 13 9' x 13 7' (4.19m x 4.14m) Built-in wardrobe.

EN-SUITE BATHROOM & WC 5 6' x 5 2' (1.68m x 1.57m)

BEDROOM 2 13 9' x 11 2' max (4.19m x 3.4m) Built-in cupboards.

BEDROOM 3 13 1' x 10 10' (3.99m x 3.3m)

SHOWER & WC 9 5' x 4 5' (2.87m x 1.35m)

EXTERNAL The apartment has a private and substantial terrace to three sides - each offering commanding views and getting excellent sunshine or shade through different times of the day.

PARKING The apartment has the benefit of two allocated spaces and further visitor parking is available.

TENURE We understand the property to be leasehold and vacant possession is to be granted upon completion (subject to confirmation by the sellers solicitor).

The lease started 24 May 2006 and ends 30 June 2130 (so has an unexpired term in the region of 106 years).

SERVICE CHARGE AND GROUND RENT We understand that the current service charge is in the region of 2753 per year and this includes buildings insurance and management, cleaning and services of the communal areas, maintenance of the lifts and maintenance of the grounds.

Ground rent is understood to be 100 per year.

SERVICES All mains services are understood to be connected. No services or installations have been tested.

BROADBAND It is understood that Fibre Optic Broadband is available in this area.

COUNCIL TAX Council Tax is payable to London Borough of Redbridge Council. The property is shown in Council Tax band E.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 621450

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 18750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 58950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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