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£360,000
Bedrooms
Bathrooms
'' WALK THROUGH VIDEO '' ALLOCATED PARKING SPACE
Stylish one bedroom modern apartment in SE8s luxurious riverside development.
Built in 2013 and finished to a high standard has been beautifully maintained and well looked after, the accommodation features a large open plan kitchen reception room with a newly fitted kitchen, with plenty of space to both dine and relax in, boasting natural light and direct access onto a large private balcony.
Off the hall you will find a generous size double bedroom with built in floor to ceiling wardrobes, a three piece modern family bathroom with ample storage throughout and utility closet in the hallway.
Further benefits of the apartment include long lease, on site concierge service and riverside location.
The general area holds a vibrant community and benefits from a number of amenities designed to make modern life easier including independent stylish restaurants and cafes, green spaces, local shops, a nursery, barbers, beauty salon and dry cleaners, all on your doorstep! Located in Zone 2, and more specifically an area undergoing major regeneration, the excellent transport links and proximity to the City means it is the ideal location to start your commute being 0.5 miles away from Deptford Station and 0.8 miles from Cutty Sark DLR.
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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