5 bedroom penthouse for sale

£11,756,000

5

Bedrooms

5

Bathrooms

1

Reception

Trotters Estates are proud to offer this stunning top floor penthouse, within the Damac Tower, situated in the Nine Elms location. In its exclusive partnership with Versace, the global symbol of glamour, Damac Tower brings you the ultimate in branded living experiences. Only here you can enjoy lavish interiors designed by Versace Home in the first collaboration between this luxury designer and a new residential property in London.

The unique architectural composition has been carefully crafted to create impressive views from every aspect of the building. Rising 50 storeys, the ultra-modern Damac Tower Nine Elms London will stand out as a new icon on the City skyline. Stone, terracotta, and glass come togethor in a fresh and distinctive world class design to create an inspiration in luxury living, inside and out.

This spectacular penthouse not only allows you to surround yourself with the glamour of Versace in your living room, but also provides elegance and sensuality in every aspect of the design, for every room. Residents benefit from full use of a wide range of facilities including a grand lobby, stunning communal roof gardens above the City, a luxury Swimming pool, jacuzzi and more all with panoramic views of London.

Damac Tower is nestled between Vauxhall and Battersea, where a multi-billion pound investment is transforming the area into an ultra-modern residential district. The area is close to Vauxhall Cross rail and bus stations as well as the underground. In addition, the new Northern Line extension and the Crossrail project further enhances its strong transport links with the rest of London.

Please contact Trotters Estates and we will make purchasing possible for you. Easy, hassle-free, and quality service guaranteed. Were just a click away, please do not hesitate to get in contact.

Book a viewing now and our sales experts will gladly show you around. We respond within 24 hours to your requests, with phone bookings available 7 days a week.

Disclaimer: The information provided about this property does not constitute or form part of any offer or contract, nor may it be relied upon as representations or statements of fact.



Features
  • Leasehold

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

£ 10435570

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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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
    £ 293900
  • 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

£ 1618570
  • 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

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£
  %

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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