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London
Baltimore Wharf, E14, London

Neighbourhood
Canary Wharf

List Price
£495,000 (£687 psf)
Houzen estm discount 5%
Effective Price £470,250 (£652 psf)
Estm. Transaction Fees £7,054 (£10 psf)
Stamp Duty* - (£0)
Gross Purchase Price £477,304 (£662 psf)
Asking Price £495,000
Target Discount 5.00%
Transaction Fee £7,054 (1.50%)
Down Payment £47,025 (10%)
Cash-on-cash Multiple 1.49x
Total Profit £139,409
Discount Rate 4%

Rent

Est Market Rent £1600
Houzen Rent £1800
Entry Yield
5.0%
5.6%

*Assuming UK stamp duty holiday

Zen Score : 7.9 / 10

Houzen Rentability Asset Neighbourhood London Weight
Amenities (micro location) 7.9 8.1 6.7 22.5%
Location 8.9 8.4 7.0 22.5%
Property 7.8 7.4 6.9 20.0%
Neighbourhood 7.1 7.0 6.6 17.5%
Eco Sustainability and Wellness 7.4 7.3 6.3 17.5%
Total Score 7.9 7.7 6.7 100.0%

This 721 sq ft apartment boasts a south-facing balcony with a fully fitted kitchen and bedrooms. The location is ideal for workers in the finance sector, being within walking distance to Canary Wharf and 20 minutes to Bank.

Baltimore Wharf has a communal courtyard, 24 hour concierge and one of the largest gymnasiums in London featuring a 25 metre pool, cardio suite & boxing ring.

  • Highly rentable asset
  • 2nd floor apartment in the iconic Baltimore Wharf developement
  • Ceiling to floor window with a south-facing balcony
  • 3 minutes from Crossharbour DLR/ 12 minutes from Canary Wharf

Feature

  • 2 bed
  • Lease Hold
  • 1 Bathroom
  • 721 Sq Ft
  • Built 2015
  • Balcony
  • Broadband 25mbps
Distance to Minutes Distance (Miles)
South Quay DLR 5 0.3
Canary Wharf Underground 13 0.7
Canary Wharf Riverboat 16 0.8
Waitrose Superstore 11 0.6
Asda Superstore 3 0.2
Canary Wharf Finance District 14 0.7
Central London via Public Transport 30

Amenities

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Location

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Property

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Neighbourhood

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Sustainability

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Others

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Property Summary

Tenure Leasehold (986 years)
Bed 2
Bath 1
Square footage 721
Year Built/Converted 2015
Last refurbished -
Outdoor Space Balcony
Broadband Speed (estm) 25 mbps

Estimated Financial Return

Cash-on-cash Multiple 1.49x
Income £72,213
Capital Growth £67,196
Total Profit £139,409
IRR 8.9%
Income Yield (Market Rent) 5.0%
Income Yield (Houzen Rent) 5.5%

Purchase and Sale

Debt £280,306
Equity £196,998
Interests £35,788
Fees, Maintanence, Costs £46,587
Profit - £15,179
Net Sales Proceeds £544,500

Tenancy Income

Occupied until Vacant
Current Rent £ -
Market Rent £2,000
Houzen Rent* £2,200
Estimated Uplift 10%

Mortgage and Equity

Gross Purchase Price £477,304
Loan Amount £280,306
Total Equity at Exchange £54,079
Total Equity at Completion £142,919

Capital and Operating Expenses

Initial Refurbishment £7,054
Annual Maintenance Budget £11,168
Service Charge £19,521 (£5.70 psf)
Property Management £7,128
Leasing Fee £1,716
Total Expenses £46,587

Capital Stack

Net Sales Proceeds £544,500
Equity £196,998
Debt £280,306
Total Repayment £316,094
Interest Payments £35,788
Income £72,213
Capital Gains £67,196

SPV / UK Company creation, UK bank opening, accounting and legal all done online for £650 one off and £20 per month. Co-investment or fund creation wealth container for upto 15 investors also available upon request (contact us for more info)

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