2 bedroom apartment for sale

£1,175,000

2

Bedrooms

2

Bathrooms

Floorplan

This brand new apartment in Upper Riverside on the Greenwich Peninsula (Zone 2) offers a contemporary way to live in London - as part of a burgeoning community thats being shaped by the citys creative spirit. Some of the UKs best architects and designers are converging here to create a unique new urban fabric on an impressive scale. With two double bedrooms, a large terrace, and knockout river views from its 25th floor location, this apartment is a sanctuary of calm within the areas vibrant and dynamic developments. With interiors by Design Haus Liberty, the home offers an instant aesthetic ideal too.

The apartment cleverly reflects the surrounding topography in its architecture, with three exterior walls of windows that mirror the peninsulas three, river-edged sides. Couple this with just over 1000 square feet of internal space, and its a home of true scope, with an abundance of natural light and far reaching views from all of the principal living and resting spaces - both indoor and out. Upper Riverside was designed by SOM as part of the areas ambitious and eclectic transformation, and forms an integral part of this authentically modern and forward-thinking neighbourhood.

Stepping into the apartments lobby, the first of the staggered window walls fringes the right-hand side, ensuring light and lofty views from the outset. The main bathroom is set to the left, and comes complete with a bathtub and overhead shower. Moving forward, the corridor forks and, following the windows round to the right, opens out into an open plan kitchen, dining area and living room, with direct access out onto a generously sized terrace that measures at just over 275 square feet. There is enough space on the terrace for two separate seating areas. During drier days, this truly becomes an extension of your living space.

Following the lobbys left-hand fork, the master bedroom is located in the apartments southwest corner and features built-in storage and an en suite bathroom with shower. The second double bedroom also comes with the convenience of built-in storage. Both bedrooms share the apartments west-facing wall with the living room, which means all of these restful spaces alter in ambience as the sun sets.

Upper Riverside residents are privy to plenty of perks, with exclusive access to a host of on-point amenities across the developments five buildings. As well as a 24-hour concierge, there are three gyms, and the 15th-floor Residents Club - designed by Tom Dixon - includes a pool, a sauna, co-working spaces and meeting rooms, five river-view roof terraces, a private dining room and two cinemas.

The lifestyle available to residents here is unrivalled, with draws for foodies, creatives and outdoor types all available in and around Upper Riverside. The surrounding acres of outdoor space includes an art trail - with striking large scale sculptures by the likes of Anthony Gormley, Alex Chinneck and Allen Jones, an elevated 5km walking route around the Thames, and a golf driving range. Theres a vibrant mix of independent cafes, bars and restaurants nearby, and a monthly events calendar for Upper Riverside residents to get involved with.

The Design District is a few minutes away on foot. As Londons first permanent, purpose-built hub for the creative industries, it takes shape as a collection of 16 unique buildings, designed by a team of eight leading architects, including 6A Architects, David Kohn Architects, HNNA and SelgasCano. Meanwhile, Santiago Calatrava has designed Peninsula Place - an 80-foot-high winter garden and glass galleria that will form part of a transportation, entertainment and well being hub, and greet residents and visitors as they arrive from the tube.

The 8.4 billion transformation of Greenwich Peninsula is as exciting as it is eclectic, and is set to attract a community that appreciates the creative and the contemporary.

*Please note that photographs are of the show apartment.

Service charge: approx 7.05/sqft pa (Ground rent approx 450 pa)
Lease: 250 year leasehold from 2004

Nearest Stations:

0.18 miles
North Greenwich
0.64 miles
West Silvertown
0.67 miles
East India
0.7 miles
Royal Victoria
0.78 miles
Blackwall

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

£ 972075

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 29375
  • 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

£ 90825
  • 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.

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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

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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