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£600,000
Bedrooms
Bathrooms
Guide Price 600,000 - 625,000. Hi Residential is delighted to present this stunning, second floor duplex conversion apartment in Building 47 and forming part of the Heritage Quarter, it boasts large character windows throughout, oozing natural light. There is an intriguing spiral staircase, exposed brick work and high ceilings this very attractive property illustrates a perfect balance of modern and historic features. The property has three good sized bedrooms; one of which on a mezzanine floor, two bathrooms (one en suite) and open plan living space comprising of a lounge area, dining and a fitted kitchen with integrated appliances.
Building 47 is located on the River Thames at Royal Arsenal which is ideally located for superb connections by rail, air, bus and river; and with the new Elizabeth Line, the luxury of choice really will be yours.
Royal Arsenal is an award-winning blend of old and new: historic listed buildings meet contemporary designs. Its this unique mix which makes this a vibrant and exciting place to live.
Royal Arsenal puts you at the centre of everything and with first class amenities which include a 24-hour Concierge service, doctor and dentist surgeries, an onsite Tesco Express, pharmacy, and a Zipcar Car share club
The Royal Arsenal is a former munitions factory & storage facility with a history dating back to 1671, that is being tastefully transformed to provide a blend of converted & new build residential properties, together with a central open space, bars, restaurants and an hotel.
Beautifully landscaped, the builder has taken great care to create a development that is a pleasure to live in, rather than yet another sterile stack of boxes. It retains a real sense of community yet retains a high degree of peace and tranquillity, away from the big smoke.
The development currently offers
' 24 Concierge & Security
' Residents Gym
' 7R CrossFit Gym
' Two Youngs 'gastro pubs' The Dial Arch & The Guardhouse
' Con Gusto Italian Restaurant
' Salt Craft Beer & Pizzeria
' Three on site cafs
' Two theatres
' Health Centre
' Chemist
' Dentist
' Tesco Express
' M&S Food Hall
' Sainsburys
' Dry Cleaning service
' Zipcar Car Sharing Club
' Fortnightly Farmers Market
Situated east of Greenwich, adjacent to Woolwich Town Centre (offering an array of main street shopping and a vibrant street market) the development is easily reached by road & rail.
The new Elizabeth Line station is no more than a short stroll away, which offers a direct route to Canary Wharf in as little as 8 minutes, Liverpool Street in less than 15 minutes and London Bridge / Cannon Street) in approx. 25 minutes, via the Main Line.
London City Airport can also be reached in as little as 5 minutes via the DLR, with Stratford also accessible in approx. 20 minutes.
As far as nearby leisure is concerned, a short cab ride will take you to nearby Blackheath, Greenwich or, the O2 - where you will be spoilt for choice in terms of food, drink and nightlife.
As an alternative to the train or car, the Thames Clipper river bus service also docks immediately adjacent to the development and provides additional links with The O2, Greenwich, Canary Wharf, Tower Bridge, Blackfriars, The Southbank (Tate Modern) and beyond The new Elizabeth Line, provides fast connections from east to west London, making central London only minutes away. Royal Arsenal Riverside already benefits from DLR, and Rail plus an on-site Thames Clipper pier.
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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