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London
Claylands Place, SW8, London

Neighbourhood
Vauxhall/Oval

List Price
£475,000 (£876 psf)
Houzen estm discount 7%
Effective Price £441,750 (£815 psf)
Estm. Transaction Fees £6,626 (£12 psf)
Stamp Duty* - (£0)
Gross Purchase Price £448,376 (£827)
Asking Price £475,000
Target Discount 7.00%
Transaction Fee £6,626 (1.50%)
Down Payment £44,175 (10%)
Cash-on-cash Multiple 1.48x
Total Profit £131,574
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 : 7.4 / 10

Houzen Rentability Asset Neighbourhood London Weight
Amenities (micro location) 7.9 7.4 6.7 22.5%
Location 7.7 7.7 7.0 22.5%
Property 7.3 7.1 6.9 20.0%
Neighbourhood 7.1 7.0 6.6 17.5%
Eco Sustainability and Wellness 7.0 7.0 6.3 17.5%
Total Score 7.43 7.28 6.70 100.0%

This petit apartment has an open-planned kitchen and all the appliances an investor would need to rent this out.

Great location with Oval station just 2 minutes away.

  • 2-minute walk to Oval Station (Northern Line)
  • Close to a wide range of amenities and high street
  • 25 minutes journey to anywhere in central London

Feature

  • 2 bed
  • Lease Hold
  • 1 Bathroom
  • 542 Sq Ft
  • Broadband 80mbps
Distance to Minutes Distance (Miles)
Oval Underground 3 0.2
Vauxhall Underground 12 0.6
Tesco Express 10 0.5
Waitrose 15 0.8
GP Clinic 8 0.4
Kennington Park 4 0.2
Central London via Public Transport 12

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
Bed 2
Bath 1
Square footage 542
Year Built/Converted -
Last refurbished -
Outdoor Space n/a
Broadband Speed (estm) 80 mbps

Estimated Financial Return

Cash-on-cash Multiple 1.48x
Income £60,200
Capital Growth £71,374
Total Profit £131,574
IRR 8.5%
Income Yield (Market Rent) 4.1%
Income Yield (Houzen Rent) 4.4%

Purchase and Sale

Debt £263,449
Equity £184,927
Interests £36,562
Fees, Maintanence, Costs £28,900
Profit £5,912
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 £448,376
Loan Amount £263,449
Total Equity at Exchange £50,801
Total Equity at Completion £134,126

Capital and Operating Expenses

Initial Refurbishment £6,626
Annual Maintenance Budget £10,492
Service Charge £5,149 (£2.00 psf)
Property Management £5,346
Leasing Fee £1,287
Total Expenses £28,900

Capital Stack

Net Sales Proceeds £519,750
Equity £184,927
Debt £263,449
Total Repayment £300,011
Interest Payments £36,562
Income £60,200
Capital Gains £71,374

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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Transaction

Hold Period 5 years
Stamp Duty Holiday Eligible

Tenancy

Total void over hold period 6 months
Rental Payments Monthly In Advance

Debt

Mortgage 60%
Arrangement Fee 0.40%
Interest Rate 3.00%

Capital Expenditure

Initial Refurbishment £5,700 2%
Internal Maintenance Budget £1,900 1%
Service Charge £2,351
Ground Rent £750 (£3.75 psf)