Woolwich, SE18

  • Up to a £53,000 discount
  • Crossrail hotspot – 8 minutes to Canary Wharf
  • Apartments from £342,000
  • Up to 4.7% Rental Yield
  • 0.2 miles from Woolwich Dockyard Station

DEVELOPMENT SUMMARY

Choices have secured seven, one and two bedroom apartments in a stunning grade two listed building. The properties are available with a 10% discount from current market values totalling up to £53,000.

Work has already started on the development and the developer is looking to sell off plan at this stage. To exchange, a 10% deposit is required which is held in solicitors escrow until completion. Completion is expected in April 2017.

The properties benefit from new 125 year leases with a ground rent charge of £350pa and anticipated service charges from £280 per quarter. Parking for the development is available with permits costing approximately £77pa.

When completed, the properties will be ready to tenant straight away with the developer including flooring throughout and Siemens white goods within the purchase price. Choices Asset Management can look after this whole process for you.

AREA ANALYSIS

Woolwich Crossrail station is due to open in December 2018 with journey times to Canary Wharf reducing from 18 minutes down to just 8 minutes. Prices of properties close to Crossrail stations have risen by 22% on average compared to a 13% price rise in Greater London over the last two years. JLL predict that Woolwich is due to see house price rises of 39% between 2016 & 2020.

Woolwich is already an exceptionally popular area to rent properties, with DLR services running to Bank and Stratford and a riverboat service into the city of London. 71% of Londoners say that good transport links is the most important factor when choosing a property to rent and with Woolwich’s already excellent connections, and Crossrail arriving in 2018, the average rent in the area is expected to rise by over 30% by 2022.