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£258,000 Guide Price
Bedrooms
We are pleased to present this lovely 2 bed property forming part of the stunning St Clements Lakes Development in Greenhithe DA9.
This ground floor property is comprised of 2 double bedrooms, Ensuite shower and built in wardrobe to Bedroom 1, 3 piece bathroom, open plan living room and kitchen.
Further benefits include allocated parking, double glazing, gas central heating, wood effect flooring and integrated kitchen appliances.
The location is perfect offering many facilities including the Bluewater shopping centre with its array of shops, restaurants, multiplex cinema. The area also has riverside walks, pubs and a 24hr Asda supermarket.
Greenhithe also has a mainline railway station with services to London and is within easy reach of the Ebbsfleet International Station. There are road links from the area giving access to A2/M2, A20/M20, M25 and Dartford Tunnel.
Details:
Tenure: Leasehold | Lease length: 116 Years
Service Charge: 189.48 per month
Ground Rent: 250.00 per annum
Dartford Council | Council Tax Band: D
Energy Efficiency Rating: B
Current rental income: 1,450 per month.
LOCAL AREA
The property is located 0.6 miles from Bluewater Shopping Centre, which can be walked to or via car takes 3 minutes and consists of over 300 shops, over 50 eateries and a variety of family fun establishments including a Showcase Cinema with 13 screens including iMax.
Additionally, the property is 0.7 miles to the nearest Asda superstore and just a minutes from a pleasant stroll along the River Thames, offering spectacular views of the graceful Queen Elizabeth II Bridge, especially at sunset.
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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