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£600,000 Offers in excess of
Bedrooms
Bathrooms
John Payne are pleased to bring to the market this West-facing, three bedroom modern apartment with direct creek views located in Cowan House on Greenwich High Road.
This apartment provides spacious accommodation throughout. Maintained fantastically the flat comprises an open plan kitchen and living area benefiting from floor to ceiling windows overlooking the creek and the Canary Wharf, the kitchen benefits from fully integrated appliances and ample storage.
The large principal bedroom is bright and spacious with further floor to ceiling windows and a contemporary en suite shower room. The second bedroom is sizable, and with the third bedroom currently used as a dressing room, both can be utilised as a guest rooms or home offices, providing great flexibility.
Completing the apartment is a modern three-piece bathroom, generous hallway storage and a larger than average private balcony, the perfect space for alfresco dining.
Cowan House is conveniently located at the lower end of Greenwich High Road for all the attractions that Royal Greenwich has to offer, moments from both the DLR at Deptford Bridge as well as the DLR and mainline at Greenwich station, giving fast and easy access into both Canary Wharf and the City. Within walking distance are an array of shops, bars and restaurants in Greenwich village and vibrant Deptford, as well as the River Thames, tourist attractions and open green spaces of the Royal Park.
Energy Efficiency Rating: B | Royal Borough of Greenwich Council Tax: Band E
Lease length: 250 years from and including 24 June 2017 | Ground Rent: 620.36 | Service Charge: 2,823.95
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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