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£750,000 Guide Price
Bedrooms
Bathrooms
Tucked away in East Greenwich, this freehold two-bedroom home offers well-balanced rooms over two floors and a generous 396 x 151 rear garden a rare find this close to the river and Greenwich Park and Chain Free.
On the ground floor you have two inviting reception rooms separated by the stairwell, ideal for living/dining zones, with a separate kitchen to the rear (approx. 89 x 62) opening directly onto the garden. The first floor provides two bedrooms the principal measuring up to 148 x 118 and a family bathroom off the landing.
Outside, the long garden gives real scope for landscaping, play space or a calm entertaining spot. Many neighbours have reconfigured similar layouts to create larger kitchen/dining spaces; buyers may see potential here too (subject to the usual consents).
Location: Banning Street places you within easy reach of Trafalgar Road amenities and riverside walks, with Maze Hill rail around a 10-minute stroll (approx. 12 mins to London Bridge), while Cutty Sark DLR connects quickly to Canary Wharf. Greenwich Park and the historic town centre are close by, and theres everyday convenience on the street including a Sainsburys Local.
Tenure Freehold
Energy Efficiency Rating D
Local Authority Greenwich Council Tax Band D
Map location is not available for this property.
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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