Projected rental £400 per week = 6.3% Gross Yield.
Views of the river and beyond from the nineteenth floor, studio apartment in this new development; Providence Tower by Ballymore. This development would make an ideal investment and benefits from 42nd floor sky lounge open to all residents from the latest addition to London Skyline - Providence Tower, which is one of London's newest and tallest residential towers situated in New Providence Wharf. This apartment has been designed to the highest spec throughout and further benefits from a 24hr concierge, landscaped gardens, business centre and an on-site residents only Athletic Club. Providence Tower sits beside Canary Wharf providing excellent access to the City and West End. Anticipated completion Q2 2016.
Based on an asking price of £335,000 you will only have to pay £6,750.00 in stamp duty rather than £10,050.00 saving you £3,300!
You pay no stamp duty on the first £125,000, then 2% on £125,000 to £250,000 and 5% above £250,000.
Your effective stamp duty rate is 2.01%.
Which delivers 360 degree views across the Thames, The City and round to Canary Wharf
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 MyLondonHome. 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.