2 bedroom apartment for sale

£625,000

2

Bedrooms

2

Bathrooms

Floorplan

A stylish 845sqft high-floor apartment, with far reaching views of the London skyline and River Thames. It has a bright, balanced and spacious layout, floor-to-ceiling glazing, two bathrooms, large balcony, open-plan kitchen, ample hallway storage, a secure parking space and use of the onsite 24-hour concierge, residents gym and gated communal garden.

This wonderful modern home (built 2017) is on the fourteenth floor. The bedrooms are nearly equally proportioned, the bathrooms are luxuriously appointed and the sleek kitchen has attractive matt-finished cabinets, along with integrated appliances.

Additional benefits include, underfloor heating, lift access, secure cycle storage, video entry system and superfast broadband availability through Hyperoptic and BT networks.

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 a short walk of two stations, Canada Water (Jubilee & Windrush lines, Zone 2) and Surrey Quays (Windrush line, Zone 2). Its also close 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 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, launching this year, will provide six crossings per hour for pedestrians and cyclists between Rotherhithe and Canary Wharf.

Leasehold. The service charge is 3,998.95 for the year ending 30th April 2026. The ground rent is 510.62 per annum (next RPI linked review due in December 2032) and the lease has 986 years remaining. An acceptable EWS1 form with an B1 rating is in place (issued 2025). Lewisham Council Tax Band: C.

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Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 518325

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 15625
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 49575
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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