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£500,000 Guide Price
Bedrooms
Bathrooms
'GUIDE PRICE 500,000-525,000' Situated in a charming residential neighbourhood, this property is perfect for families, singles, and professionals seeking a harmonious blend of city and countryside living. Just a 5-minute walk from Plumcroft Primary School, the home is ideally located opposite the beautiful Shrewsbury Park, offering stunning city views. The Shrewsbury House Community Centre, tennis courts, golf course, and Eaglesfield Park are all within walking distance, providing ample recreational opportunities for all ages. Additionally, the property has excellent transport links and is approximately 15 minutes by bus to Woolwich for the Elizabeth Line, DLR, and British Rail at Woolwich Arsenal Station.
Upon entering, you are greeted by a spacious hallway with solid wood flooring and a video entry system. The 25ft open-plan kitchen/living room features modern fitted kitchen units with complementary work surfaces, an integrated oven, hob, filter hood, fridge/freezer, dishwasher, and space for a washing machine. The room is bathed in natural light from double-glazed windows on the side and rear, and bi-fold doors that open to the private rear garden. A feature fireplace and wood flooring add to the rooms charm.
The property boasts three double bedrooms. Bedroom 1 (13ft x 12ft) includes built-in wardrobes, fitted carpet, and a double-glazed window to the side. Bedrooms 2 and 3 (both 11ft x 8ft) also have fitted carpets and double-glazed windows overlooking the private garden. The home includes a fully fitted bathroom suite with a panelled bath, vanity wash hand basin, and low-level WC, as well as a shower room with a large walk-in shower cubicle, rainfall shower head, vanity wash hand basin, and cistern enclosed WC.
Externally, the private 48ft x 47ft rear garden is mainly laid to lawn with flower and shrub borders. A shed and large decking space provide additional outdoor living areas and access to the front of the property. The property also benefits from a secure allocated parking space directly outside the apartment.
Unexpired Lease Term: 113 Years Remaining
Ground Rent: 522 Per Annum
Service Charge: Approx 155 Pcm
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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