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£550,000
Bedrooms
Bathrooms
An extended 941sqft/87sqm (including en-bloc garage) end-of-terrace house located between Russia Dock Woodland and Greenland Dock. It has front and rear gardens, a large kitchen, two bathrooms and well-proportioned bedrooms. It offers lots of potential including the ability to expand into the loft.
You enter through the surprisingly large and secluded front garden, with the ground floor comprises, a front porch, roomy reception, semi-open plan kitchen and at the back. the extension, which has the additional shower room and access to the rear garden. Upstairs are the two approximately equal sized bedrooms, both with a wall of fitted wardrobes. Between them is the main bathroom, which benefits from a window. From the landing you can access to loft space via the wide hatch and integrated pull-down ladder. While it requires some investment, the house offers a solid basis on which to create a wonderful home.
If a loft conversion is realised, this could add an additional double bedroom with ensuite. Many other houses of a similar design have done exactly this.
Additional features include, double glazing (installed 2012), the en bloc garage, the rear extension (created 2013), side gate access to the rear garden and gas central heating.
This home is located on the Rotherhithe peninsula, near to Redriff Primary School. There are excellent transport links available including buses, river boat services, London Overground as well as the Tube, providing fast access to Canary Wharf, London Bridge, the City and West End. The nearest stations are Canada Water (Jubilee Line and Overground) and Surrey Quays (London Overground).
You will find plenty to do in the immediate area including a visit to the nearby Surrey Docks Farm, lunch at one of the numerous family friendly pubs, a run around Greenland Dock or a pleasant stroll through the woodland and along the Thames Path.
The property stands to benefit from substantial investment in the area, including the 5.6 billion, 53-acre Canada Water Masterplan, with Londons first new high street in over a century. Additionally, a new electric ferry service has just launched, providing six crossings per hour for pedestrians and cyclists between Rotherhithe and Canary Wharf.
Freehold. Southwark Council Tax Band: D.
Map location is not available for this property.
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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