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£220,000 From
Bedrooms
X1 Chatham Waters is located on the South East of London and sits at the gateway of the Thames River.
The site forms an integral part of Peel L&p€™s ongoing 650 million regeneration of the Chatham Docks and will bring 199 exclusive waterfront apartments to this unique location.
Chatham is one of the fastest growing areas in the commuter belt, offering one of the best opportunities for capital growth in the UK.
X1 Chatham Waters is just a 15 minute walk from three major universities and two colleges in the immediate area, with a total of 10,000 students on
campus. At present, there are just 350 student beds available across 5 halls of residence for those studying at the Greenwich Campus.
A nearby development- Liberty Quay Medway - provides accommodation for Students at the University of Kent and offers an additional 1106 bed spaces to the local student market. The following academic insitutions are on the doorstep of X1 Chatham Waters:
Canterbury Christ Church University
University of Greenwich
University of Kent
Midkent College
Waterfront University Technical College
The regeneration proposals for Chatham Waters include the creation of first class residential, commercial, retail and educational destinations and
Peel L&p€™s wider masterplan will see up to 950 new homes be delivered across four planned phases. In addition to this, the site will benefit from the
creation of a new waterfront boulevard including bars, restaurants, shops and more €“ all just 36 minutes outside of central London.
We are proud to be delivering our second scheme with Peel L&P €“ our stragetic partners €“ and offer investors an exclusive opportunity to invest in the
renewal of an area famed for its maritime history.
Rental assurance examples
2 years at 6% net for a One Bedroom at 225,000
= 13,500 per year = 27,000 for 2 years
3 years at 5% net for a One Bedroom at 225,000
= 11,250 per year = 33,750 for 3 years
2 years at 6% net for a Two Bedroom at
280,000 = 16,800 per year = 33,600 for 2 years
3 years at 5% net for a Two Bedroom at 280,000
= 14,000 per year = 42,000 for 3 years
2 years at 6% net for a Three Bedroom at
377,000 = 22,620 per year = 45,240 for 2 years
3 years at 5% net for a Three Bedroom at
377,000 = 18,850 per year = 56,550 for 3 years
In 2011, the population within Kent totalled just 1,731,400 and is predicted to increase upwards of22.9% according to Kent County Council €“ an increase
to more than 2 million residents by 2031. Between 2011/2012 and 2016/2017, a total of 30,537 houses were built across Kent and Medway which is
the the equivalent of 6,107 new homes a year. However, in spite of the planned developments in the pipeline, there is still a significant shortage in
Medway and a further 8900 homes are required to be delivered- a year - in order to meet demand. Due to the implications of Brexit, property prices in
Medway have registered a 2% drop throughout the first 6 months of 2019. When it comes to looking for future capital growth, now is the time to invest in Medway. Property prices are estimated to increased from 25% - 30% over the coming 5 years.
Kitchens
Contemporary designed kitchen with fitted
wall and base units
Sink with chrome mixer tap
Integrated electric oven, hob and extractor
Worktops with upstands
Integrated A+ rated fridge/freezer
Integrated dishwasher
Low voltage recessed downlighters
Washer/dryer in separate store
Timber or Stone effect flooring
Bathrooms & en-suites
Branded chinaware (bath, wc, sink)
Glass shower screen and pivot glass door
Hansgrohe taps and thermostatic shower mixer unit
Full height feature Porcelanosa ceramic tiling to bath and shower areas Porcelanosa Ceramic tiling to floor
Heated chrome towel rail.
Low voltage downlighters
Shelving for toiletries and towels
(where layout allows)
Vanity unit with large mirror over
Shave point
Extract Ventilation
Living areas
Carpet or Timber effect flooring
Ceiling lighting pendants and low voltage downlighters
Media plate with TV/FM aerial, telecom, satellite and power points Sky Q wired to communal system (buyer subscription required) Double doors onto balcony with glass balustrade
(balcony has external lighting)
Bedrooms
Media plate in master bedroom
TV point in other bedrooms
Low Voltage Downlighters
Carpet or timber effect flooring
Heating
Electric Panel heaters
Electric chrome towel rails to bathroom / en-suite
mvhr whole house energy saving heat recovery ventilation system.
Interior finishes
Oak veneered internal doors
White painted skirting and architraves
Matt emulsion to walls and ceilings
Kitchen tiling
Bathroom tiling
External features and finishes
Very spacious tiled balconies above ground level
Gardens to apartments onto podium garden level
Aluminium or Ideal Combi Composite framed double glazed windows and doors.
Entrance doors to apartments to Pas24 security standard.
Security
Electronic video intercom door system.
Wood veneer PAS24 security door to apartments with spy hole, 5 point locking.
Smoke and Heat detectors.
Peace of mind
All apartments benefit from a 10 year Premier structural warranty Dedicated customer care team will be available on site for residents / owners / occupiers for moving in to the building.
The on site management team will administer and ensure the effective operation and maintenance of all communal facilities and grounds.
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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