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London
Edison Building, E14 8LU, London

Neighbourhood
Westferry Canary Wharf

List Price
£485,000 (£639 psf)
Houzen estm discount 6%
Effective Price £455,000 (£599 psf)
Estm. Transaction Fees £6,825 (£9 psf)
Stamp Duty* - (£0)
Gross Purchase Price £461,825 (£608 psf)
Asking Price £485,000
Target Discount 6.19%
Transaction Fee £6,825 (1.50%)
Down Payment £45,500 (10%)
Cash-on-cash Multiple 1.37x
Total Profit £108,141
Discount Rate 4%

Rent

Est Market Rent £1,550
Houzen Rent £1,650
Entry Yield
4.0%
4.3%

*Assuming UK stamp duty holiday

Zen Score : 7.6 / 10

Houzen Rentability Asset Neighbourhood London Weight
Amenities (micro location) 7.9 8.4 6.7 22.5%
Location 8.9 8.4 6.6 22.5%
Property 7.0 7.4 6.8 20.0%
Neighbourhood 7.3 7.0 6.6 17.5%
Eco Sustainability and Wellness 7.4 7.6 6.1 17.5%
Total Score 7.65 7.75 6.55 100.0%

A bright two bedroom, two bath apartment on the first floor of this gated development, with floor to ceiling windows, Juliet Balcony, direct river views and secure off street parking.

The building is 10 minute from DLR and 12 minute from Canary Wharf Underground station, shopping centre, bars and restaurants.

  • Excellent Location in proximity to financial centres
  • Rental Certainty
  • East Aspect
  • Fully Furnished

Feature

  • 2 bed
  • Lease Hold
  • 2 Bathroom
  • 759 Sq Ft
  • Year Built 1998
  • Juliette Balcony
  • Broadband 71 mbps
Distance to Minutes Distance (Miles)
Nine Elms Underground 3 0.2
Vauxhall Underground 7 0.4
Sainsbury Superstore 2 0.1
Waitrose 7 0.4
GP Clinic 9 0.5
Battersea Park 32 1.6
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 (120 Years)
Bed 2
Bath 2
Square footage 759
Year Built/Converted 1998
Last refurbished -
Outdoor Space Juliette Balcony
Broadband Speed (estm) 71 mbps

Estimated Financial Return

Cash-on-cash Multiple 1.37x
Income £50,216
Capital Growth £57,925
Total Profit £ 108,141
IRR 7.5%
Income Yield (Market Rent) 4.0%
Income Yield (Houzen Rent) 4.3%

Purchase and Sale

Debt £271,216
Equity £190,609
Interests £31,216
Fees, Maintanence, Costs £28,984
Profit - £2,275
Net Sales Proceeds £519,750

Tenancy Income

Occupied until Vacant
Current Rent £ -
Market Rent £1,500
Houzen Rent* £1,650
Estimated Uplift 6%

Mortgage and Equity

Gross Purchase Price £461,825
Loan Amount £270,270
Total Equity at Exchange £52,325
Total Equity at Completion £138,284

Capital and Operating Expenses

Initial Refurbishment £6,825
Annual Maintenance Budget £9,669
Service Charge £6,452 (£2.00 psf)
Property Management £4,752
Leasing Fee £1,287
Total Expenses £28,984

Capital Stack

Net Sales Proceeds £519,750
Equity £190,609
Debt £271,216
Total Repayment £302,432
Interest Payments £31,216
Income £50,216
Capital Gains £57,925

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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