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£425,000
Bedrooms
Bathrooms
A stylish and modern, fifth-floor apartment overlooking the green and pleasant podium garden. It boasts an open-plan living area, balcony, luxurious bathroom, underfloor heating throughout, several hallway storage cupboards and it shares the same entrance as the 24-hour development gym and concierge.
This superb 548sqft / 51sqm home was constructed in 2016. The open-plan reception features a sleek galley kitchen with integrated appliances, access to the sizable glass-fronted balcony as well as plenty of living space to relax and dine. The double bedroom is bright and has mirror-fronted fitted wardrobes, while the fully-tiled bathroom has a desirable layout with a separate bath and shower. Apart from the wonderful podium garden there is also a shared rooftop terrace offering views across London. It also benefits from superfast broadband through Hyperoptic and has heated Amtico flooring in the living area and hall.
The Barratt-built Greenland Place is a superbly designed modern development with tree-lined avenues, excellent local amenities and a great sense of local community. Apart from the gym and concierge, you will find the renowned Pear Tree Kitchen, the cool Wolfys bar/cafe, an Italian deli, a barber, yoga places and beauty salons. There is also both a Co-Op and Tesco Express.
Conveniently located within walking distance to Canada Water Tube Station (Jubilee Line & London Overground, Zone 2) and Surrey Quays Tube Station (London Overground, Zone 2). Its also a short walk to peaceful South Dock Marina and Greenland Dock, together with the Thames Path where regular riverboat services run into the city and across to Canary Wharf.
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. The service charge is 2,616.13 for the year to May 2025. The ground rent is 437.66 per annum (next RPI linked review due in December 2032) and the lease has 987 years remaining. An acceptable EWS1 form with an A1 rating is in place. Lewisham Council Tax Band: B.
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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