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£575,000
Bedrooms
Bathrooms
Set within a gated development in the heart of Canada Water, is this share of freehold, second floor apartment, overlooking Albion Channel. It boasts dual aspects, an open-plan living area with new kitchen, two new bathrooms, a secure allocated parking, picturesque communal garden and the Tube is just moments walk away. Chain free.
This wonderful home comprises 871sqft of internal space. The two spacious bedrooms with fitted wardrobes, are at opposite ends of the welcoming entrance hall, with the primary benefitting from an ensuite shower room. The well-maintained kitchen features integrated appliances and granite worktops.
Additional features include gas central heating, beautiful wood floors in the hall and living area, a secure entry system, double glazing, useful hallway storage and the picturesque garden has a central stream running through it.
There are an ever-increasing number of things to do in the area, from getting a bite to eat at the Canada Water Caf, an evening drink at the historic Mayflower riverside pub, tennis in Southwark Park, a run through Russia Dock Woodland, or enjoying city views from outside The Angel pub on warm summer nights. The wider neighbourhood also offers some respite from urban life with the docks, green spaces and river providing plenty of open areas to experience.
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.
Leasehold, with a share of the freehold. The service charge is 3,628.86 for 2025. There is no ground rent to pay and the underlying lease has 97 years remaining. Southwark Council Tax Band: E.
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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