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£800,000
Bedrooms
Bathrooms
A three bedroom split-level loft style apartment positioned on the upper floors of a desirable Victorian school conversion in West Greenwich. This popular gated development is exceptionally well-maintained and provides allocated residents parking and communal ground for all residents to enjoy. Internally, the apartment provides exceptional and versatile living space with an open plan kitchen and reception room with triple height windows flooding the apartment with natural light and the raised reception floor provides a large amount of underfloor storage space. The entrance hallway is large and welcoming, comfortably able to accommodate a study area, while there is a bedroom, bathroom, ample storage and an enclosed laundry cupboard housing the washer and dryer also on this level. One of the bedrooms is accessed via a separate staircase from the entrance hall while the main staircase off the dining area leads up onto a mezzanine area providing further living and work space or can be used as the principal bedroom as features an ensuite shower room. The remaining bedroom has also previously used as a dressing room and leads onto the communal roof terrace accessible from only a handful of other apartments in the building. The property is offered in good decorative order throughout and is an opportunity to acquire one of the few loft-style properties in the area.
Situation
The Greenwich Academy is located on Blackheath Road within a short walk of Greenwich Mainline Station and Deptford Bridge DLR providing direct links to The City and Canary Wharf. Greenwich Park and Greenwich Market are both within easy reach with an array of local cafes, shops and restaurants for residents to enjoy. Blackheath Village and the open Heath are a short walk up the hill while nearby Deptford High Street offers an eclectic mix of local cafes, bars and eateries. The popular Brockley Farmers Market is also a short walk and open every Saturday with with locally sourced produce and food stalls.
Property Ref Number:
HAM-55415Your 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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