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£420,000 Guide Price
Bedrooms
Bathrooms
18TH FLOOR ''' A 614 square foot one bedroom apartment with stunning views, located with easy reach to the Citys financial district Canary Wharf.
The apartment offers, large balcony with some views of the O2 and Canary Wharf, with access from the lounge and bedroom. Benefitting from a spacious double bedroom, a separate dressing area with fitted wardrobes, open plan lounge, fully integrated kitchen with Siemens appliances and ample space for storage.
The whole apartment comes complete with underfloor heating, phone entry system, NHBC warranty and 993 year lease.
The apartment shares the facilities of the residents gym, residents lounge, and the comfort and security of a 24 hour concierge service.
Hoola is set within the heart of the Royal Docks regeneration zone. Close to the great transport links and within close proximity to Excel and London City Airport, and a stones throw from the Emirates Cable Cars.
Transport Links include Royal Victoria DLR station, Elizabeth line both within minutes walking distance, and within close proximity of Canning Town tube station. The A12 and A13 are both easily accessible by car.
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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