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93 Woolwich New Road, Woolwich, London
£340,000
Bedrooms
Bathrooms
Located on the first floor of this modern block is this bright and spacious one bedroom apartment with large balcony!
Comprising an open plan living area including fully fitted open planned kitchen living area, large balcony, spacious master bedroom with fitted wardrobes and main bathroom with ample storage to the hall. Added benefits include video entry system, on-site gym and NHBC warranty. The apartment has been built to maximise space and light and finished with a high specification to ensure an excellent level of comfort, security and quality.
This ultra high spec beautifully presented and spacious apartment is positioned within close proximity of the shopping amenities of Woolwich town centre offering a wide range supermarkets, shops, restaurants and bars within the main town and the Royal Arsenal to include the popular Taproom and The Guardhouse.
Superb transport links with the Elizabeth line and Woolwich Arsenal Station a short walk away offering Thameslink, South-eastern lines and DLR, the Thames Clipper and Woolwich Ferry are also heavily dependable transport options. Additional accessible links are the popular City Airport and Canary Wharf making Woolwich a highly desirable and central location to live.
EWS1 Compliant
Lease length - 994 Years Remaining
Service Charge - 2,000 PA
Ground Rent - 250 PA
The Royal Borough of Greenwich - Council Tax Band - D
Energy Efficiency Rating - B
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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