2 bedroom apartment for sale

£550,000

2

Bedrooms

2

Bathrooms

Floorplan

A fully modernised 765sqft apartment, with each room directly looking onto Greenland Dock. This gated development offers peaceful living and convenient positioning for the stations and local amenities. It has two bathrooms, a dual-aspect reception with balcony, open-plan kitchen, allocated parking space and a low service charge.

Apart from the stunning views, this well-proportioned, first-floor home boasts two double bedrooms (both with fitted wardrobes), while the primary also has an ensuite bathroom. The spacious living area is coupled with the stylish kitchen, complete with integrated appliances.

Further features include full double glazing, secure entry system, communal gardens, ample storage and superfast broadband availability through Hyperoptic.

Fantastically positioned for Surrey Quays Station (Overground), plus only a short walk to Canada Water Station (Jubilee Line & Overground). There are also numerous bus routes leading into central London, as well as the river bus services from Greenland Pier, which offers an alternative method of commuting.

Set within the popular 1996-built Howland Quay development which runs along the base of Greenland Dock. This gated development is surprisingly quiet considering how well positioned it is for the stations and local amenities, including smart and atmospheric informal restaurants, an Italian Deli, the large Tesco Extra and the many shops along Lower Road and within the shopping centre. There is also the brand new Canada Water Leisure Centre.

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. The service charge is 2,000 for 2025. The ground rent is 265.22 per annum (next RPI linked review due in June 2026) and the lease has 95 full years remaining. Southwark Council Tax Band E.

Map location is not available for this property.

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

£ 456450

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 13750
  • 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

£ 43950
  • 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

Adjust these figures

  %
  %
£
  %

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

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Please enter a valid UK mobile number (e.g. 07123456789 or +447123456789)

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message