Boutique London Apartments With Huge Discounts
Woolwich, Greater London
£388,950 (prices from)

Net
Gross
Finance

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Minutes from the Thames in SE18 is the Old Woolwich Fire Station, London’s oldest operational fire station until 2014, now a boutique collection of luxury flats with a historic façade, recently featured in The Telegraph for its ‘cool conversion’.

Assetz has managed to secure incredible discounts of up to £92,000 for investors.

Each stunning, airy apartment features a modern kitchen with integrated Bosch appliances, washed-out wooden floors and a breakfast bar, plus a beautiful contemporary bathroom. There are lovely communal gardens and a residents’ games room in the old watchtower.

Location

 

Over the past two decades Woolwich has developed more rapidly than any other area in London.

Woolwich Arsenal rail and DLR station is just half a mile away for trains to Canary Wharf and London Cannon Street stations. Woolwich is expected to benefit more than anywhere else in London from Crossrail in terms of house prices, with a predicted 39% increase by 2020 (JLL).

Woolwich also has a rich and fascinating history both as a military and an industrial town. Much of this has been preserved and sympathetically treated despite the rapid rate of development.

Woolwich is home to the Royal Arsenal which at one time was the largest munitions manufacturer in the UK.

Central Woolwich has also been transformed and today boasts a new town square with a water cascade, a huge outdoor screen and attractive seating and planting. There is also a new library and council offices.


Worked Example

Assetz Price
Assetz Fee £3,500 + VAT = £4,200
Deposit £85,500
Rental Income £1350 pcm
Mortgage rate & LTV 2.79% @ 75% LTV
Mortgage Costs £596 pcm
Service Charge & Ground Rent £1050 pa & £350 pa
Gross Yield 4.74%
Net Yield 4.33%
Return on Investment 8.5%


Key Features

Boutique development in Grade II listed building
Luxury high specification throughout
Siemens integrated white goods
Zebra marble walls
Underfloor heating
Engineered wood flooring
Excellent transport links
Crossrail bringing massive investment to area
Exclusive 18% discount


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Risk Warning and Disclaimer:

The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz Property Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Where shown, net yields are calculated as rental income less expected service charges less expected ground rent as a percentage of the property price. No void periods, optional letting agent costs, repairs or other costs are deducted. Our standard Terms and Conditions of Sale will apply. E. & O. E.