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93 Woolwich New Road, Woolwich, London
£570,000 Guide Price
Bedrooms
Bathrooms
'Guide Price 570,000 - 585,000'
Offering an abundance of character and charm is this spacious warehouse conversion, located in an historic riverside location. Measuring approximately 900 square feet comprising; two double bedrooms, en suite shower, family bathroom open-plan reception room and a stunning fitted kitchen with integrated appliances.
PREVIOUS planning permission for installment of skylights.
Steeped in history this appealing period property has retained many original beams, rafters, arched windows and exposed brickwork. There is also handy mezzanine which offers additional space, ideal for an office or additional storage.
The development is beautifully maintained and residents enjoy 24 hour concierge and access to the exclusive residents gym.
The immediate area offers a wide choice of pubs, patisseries and restaurants, creating a vibrant village atmosphere within the development.
As well as the arrival of the new Crossrail station the existing transport options are excellent, with Woolwich Arsenal train station, DLR and Uber riverboat service from Woolwich Pier all within close proximity.
This rare and unique conversion is ideally positioned in the heart of the Royal Arsenal which is rapidly emerging as one of Londons most popular riverside developments.
Energy Efficiency Rating C.
Council Tax Local Authority Royal Borough of Greenwich, Band C.
Leasehold: 979 Years
Ground Rent: 300.00 P/A
Service Charge: 2,000.00 Every 6 Month
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.
93 Woolwich New Road, Woolwich, London
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