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£800,000
Bedrooms
Bathrooms
A 1606sqft Grade II listed townhouse with a share of the freehold and a long lease. Spread across four floors and nestled between Greenland Dock and South Dock Marina, it boasts a large living area, private terrace on the top floor, plenty of built-in storage and an integral garage. Easily accessible to Canada Water and Surrey Quays stations. Chain free.
The entrance hall can be accessed from both sides of the house. The ground floor comprises the garage, forth bedroom/study, separate WC and under stairs storage. The living space and kitchen cover the entire first floor and benefits from excellent natural light, thanks to the large windows at both ends. On the second floor there is the main bathroom and two double bedrooms with fitted wardrobes and bay windows. While on the top floor is the third double bedroom with double height ceiling, as well as access to the eaves storage and private terrace.
This home holds huge potential and allows the opportunity to improve over time. Additional features include gas central heating, full double glazing, several visitor parking bays directly outside and superfast broadband is available through Hyperoptic..
Swedish Quays is a complex of 95 flats and houses. Built in the late 1980s by Roger Malcom Homes and designed by David Price and Gordon Cullen, the latter being Britains most influential planning theorist and architectural illustrator of the post-war period. The development was given Grade II listed status in 2018 due to its multi-layered detailing, use of good quality materials and its contextually astute design. There are two communal gardens in the centre of the courtyards.
Set in tranquil surroundings, you will also find the Thames Path and Greenland Pier at the top of the road, offering an alternative way of commuting both to the city and Canary Wharf via the river bus service. A scenic walk takes you to Canada Water Station (Jubilee Line & London Overground, Zone 2) and Surrey Quays Station (London Overground, Zone 2). Nearby is Surrey Docks Fitness and Watersports Centre, together with the cafes, restaurants, supermarkets and yoga studio within the recently created developments off Plough Way.
The property will benefit from significant investment in the area, including the underway 53-acre / 5.6Bn project, the Canada Water Masterplan, with Londons first new high street in over 100 years. There is also the newly proposed electric ferry service with six crossings an hour (for pedestrians and cyclists) between Surrey Quays and Canary Wharf from 2025.
Leasehold with a share of the freehold. The service charge is 1,733.58 for the year to September 2024 (includes building insurance and external upkeep), there is no ground rent to pay and the lease has 962 years remaining. Southwark Council Tax Band: F.
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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