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London
Black Prince Road, SW8, London

Neighbourhood
Nine Elms

List Price
£475,000 (£1,170 psf)
Houzen estm discount 6%
Effective Price £446,500 (£1,100 psf)
Estm. Transaction Fees £6,698 (£16 psf)
Stamp Duty* - (£0)
Gross Purchase Price £453,198 (£1,116 psf)
Asking Price £475,000
Target Discount 6.00%
Transaction Fee £6,698 (1.50%)
Down Payment £44,650 (10%)
Cash-on-cash Multiple 1.47x
Total Profit £127,861
Discount Rate 4%

Rent

Est Market Rent £1,550
Houzen Rent £1,650
Entry Yield
4.1%
4.4%

*Assuming UK stamp duty holiday

Zen Score : 8 / 10

Houzen Rentability Asset Neighbourhood London Weight
Amenities (micro location) 8 7 6 22%
Location 7 7 7 22%
Property 7 7 6 20%
Neighbourhood 7 7 6 17%
Eco Sustainability and Wellness 7 7 6 17%
Total Score 8 8 7 100%

The apartment comprises a bright open-plan reception room with dining area, a fully fitted kitchen and floor to ceiling windows.

Parliament House is a 23 storey tower just a short walk from the excellent transport services of Vauxhall and Waterloo stations including national rail, underground, and bus links, plus the river taxi pier at St George Wharf.

  • 10 minute walk to both Vauxhall and Lambeth station
  • 12 hour concierge service, gym and communal terrace
  • Low equity requirement for a central london apartment

Feature

  • 1 bed
  • Lease Hold
  • 1 Bathroom
  • 406 Sq Ft
  • Year Built 2015
  • Broadband 51 mbps
Distance to Minutes Distance (Miles)
Vauxhall Underground 11 0.6
Waterloo Mainline Terminal 7 0.4
Londis Groceries 7 0.4
Waitrose 12 0.6
GP Clinic 15 0.8
Westminster/Big Ben 24 1.2
Central London via Public Transport 15

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 (995 Years)
Bed 1
Bath 1
Square footage 406
Year Built/Converted 2015
Last refurbished -
Outdoor Space n/a
Broadband Speed (estm) 51 mbps

Estimated Financial Return

Cash-on-cash Multiple 1.47x
Income £61,308
Capital Growth £66,553
Total Profit £127,861
IRR 8.4%
Income Yield (Market Rent) 4.1%
Income Yield (Houzen Rent) 4.4%

Purchase and Sale

Debt £266,149
Equity £187,048
Interests £33,732
Fees, Maintanence, Costs £27,792
Profit £5,029
Net Sales Proceeds £519,750

Tenancy Income

Occupied until Vacant
Current Rent £ -
Market Rent £1,550
Houzen Rent* £1,650
Estimated Uplift 6%

Mortgage and Equity

Gross Purchase Price £453,198
Loan Amount £265,221
Total Equity at Exchange £51,348
Total Equity at Completion £135,701

Capital and Operating Expenses

Initial Refurbishment £6,698
Annual Maintenance Budget £10,604
Service Charge £3,857 (£2.00 psf)
Property Management £5,346
Leasing Fee £1,287
Total Expenses £27,792

Capital Stack

Net Sales Proceeds £519,750
Equity £187,048
Debt £266,149
Total Repayment £299,881
Interest Payments £33,732
Income £61,308
Capital Gains £66,553

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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