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£575,000
Bedrooms
Bathrooms
A fantastic opportunity to acquire this spacious freehold Victorian terraced house, offering generous accommodation over two floors and brimming with potential. Situated in the heart of Woolwich, this charming period property is in need of modernisation throughout, providing the perfect blank canvas for those looking to create their dream home.
On the ground floor, youll find two large lounge areas ideal for relaxing or entertaining, alongside a separate kitchen with scope to redesign to your own taste. A particularly generous utility room to the rear adds valuable additional space for storage or laundry needs. Upstairs, the property offers three well-proportioned bedrooms, including two comfortable doubles and a single bedroom, all served by the family bathroom.
Woolwich is an area steeped in rich history, once home to the Royal Arsenal and famous for its military heritage, which has been beautifully woven into its modern redevelopment. Today, the area enjoys superb transport links, with Woolwich Arsenal station offering National Rail and DLR services for swift journeys to the City and Canary Wharf. The addition of the Elizabeth Line has further transformed connectivity, bringing central London even closer. Residents can also enjoy the Thames Clipper service for a scenic commute along the river. Woolwichs ongoing regeneration has brought new shops, cafes, restaurants and riverside walks, making it an increasingly popular place to live.
This is a rare chance to secure a spacious Victorian home with enormous potential in one of South East Londons most vibrant and well-connected neighbourhoods.
Contact us today to arrange your viewing.
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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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