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£700,000 Offers over
Bedrooms
Bathrooms
Offers In Excess Of 700,000
Charming 2-Bedroom Freehold House located in a highly sought after cul-de-sac within 5 minutes walk of Canada Water station. This is a rare opportunity to acquire a modern and well maintained home in a vibrant and well-connected neighbourhood with clear investment potential.
Key features:
Prime Location: Located just 350 yards from Canada Water Station, providing swift access to the Jubilee Line and Overground services, ensuring seamless connectivity to central London, Canary Wharf and beyond.
Spacious Living Areas: The property boasts a well-proportioned living room, a recently renovated kitchen, two large bedrooms, a family bathroom, a ground floor W/C and a sizeable low maintenance garden.
Loft Extension Potential: With numerous precedents in the immediate area, the property offers the possibility of a loft conversion, subject to the usual planning permissions. This could provide an extra bedroom with an ensuite, enhancing the homes value and versatility.
Canada Water Masterplan: is well underway and set to transform the area over the next 10 years transforming an historic docklands site into a new, sustainable urban center in Southwark, with a focus on high rise modern housing, workspaces, retail, leisure, and public spaces, while preserving the areas maritime heritage.
Freehold Tenure: Enjoy the benefits of owning the property outright, with no ground rent or service charges to consider.
Energy Efficiency: The home holds an EPC rating of C, with recently upgraded uPVC windows and a new combi boiler.
Local amenities:
Shopping/amenities: A Tesco Extra supermarket is conveniently located just 0.3 miles away, as well as a range smaller shops and a number quaint cafes and historic riverfront pubs including The Mayflower.
Education: Families will appreciate the proximity to well-regarded schools, including St Josephs Catholic Primary School (200 meters away, rated Outstanding by Ofsted).
Green Spaces: nearby Southwark Park offers expansive green areas, perfect for leisure and recreational activities.
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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