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£630,000 Guide Price
Bedrooms
Bathrooms
Reception
A luxury one-bed apartment is exceptionally located in a convenient location which has been designed to offer spacious living, consisting of enclosed kitchen, open dining and reception area and a modern, contemporary bathroom suite and balcony offering views towards South London. Residents of Royal Mint Gardens will have the benefit of 24hr concierge, swimming pool, gym, jacuzzi, games room, cinema and access to private roof terrace and courtyards. Tower Hill and Tower Gateway stations are moments away together with Tower Bridge and the City and easy reach to the amenities of famous Spitalfields market, vibrant Shoreditch & trendy Brick Lane.
Ground rent: 550 p.a.
Service charge: 4,200 p.a.(2025) to be confirmed
Tenure Leasehold: 996 years from September 2012
EPC : B rating
These particulars are not intended to, and do not offer or form part of any contract and whilst these sales particulars are believed to be correct, their accuracy is in no way guaranteed. Any measurements are for general guidance and interest only and should not be relied on. None of the services to the property, or any of the appliances, fixtures or fittings have been or will be tested by V-Matrix. Photographs may depict general images of the development and may not show the actual flat for sale. Internal photographs may show items not included in the sale.
Buyers information
To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We will require the full name, date of birth and current address of all buyers. There is a nominal charge of 100 plus VAT for this (for the transaction not per person). Please note, we are unable to issue a memorandum of sale until the checks are complete.
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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