Buy side beta icon

London
Fairlead House, E14, London

Neighbourhood
Canary Wharf

List Price
£450,000 (£692 psf)
Houzen estm discount 6%
Effective Price £423,000 (£651 psf)
Estm. Transaction Fees £6,345 (£10 psf)
Stamp Duty* - (£0)
Gross Purchase Price £429,345 (£661 psf)
Asking Price £450,000
Target Discount 6.00%
Transaction Fee £6,345 (1.50%)
Down Payment £42,300 (10%)
Cash-on-cash Multiple 1.42x
Total Profit £115,155
Discount Rate 4%

Rent

Est Market Rent £1,450
Houzen Rent £1,550
Entry Yield
4.1%
4.3%

*Assuming UK stamp duty holiday

Zen Score : 7.5 / 10

Houzen Rentability Asset Neighbourhood London Weight
Amenities (micro location) 7.7 7.7 6.7 22.5%
Location 8.0 8.0 7.0 22.5%
Property 7.0 7.1 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 7.5 7.4 6.7 100.0%

This apartment has a low ticket price for an investor to rent this out to young finance professionals and students. The location is extremely convenient to walk to the finance district.

  • 2 bed apartment at a great price
  • Right above several supermarkets and shops
  • 5 minutes from Crossharbour DLR/ 12 minutes from Canary Wharf

Feature

  • 2 bed
  • Lease Hold
  • 2 Bathroom
  • 650 Sq Ft
  • Balcony
  • Broadband 80mbps
Distance to Minutes Distance (Miles)
South Quay DLR 4 0.2
Canary Wharf Underground 12 0.6
Canary Wharf Riverboat 14 0.7
Asda Superstore 7 0.4
Waitrose Superstore 14 0.7
Canary Wharf Finance District 12 0.6
Central London via Public Transport 30

Amenities

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas a tellus ultricies.

Location

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas a tellus ultricies.

Property

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas a tellus ultricies.

Neighbourhood

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas a tellus ultricies.

Sustainability

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas a tellus ultricies.

Others

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas a tellus ultricies.

Property Summary

Tenure Leasehold
Bed 2
Bath 2
Square footage 650
Year Built/Converted -
Last refurbished -
Outdoor Space Balcony
Broadband Speed (estm) 80 mbps

Estimated Financial Return

Cash-on-cash Multiple 1.42x
Income £49,500
Capital Growth £65,655
Total Profit £115,155
IRR 7.5%
Income Yield (Market Rent) 4.1%
Income Yield (Houzen Rent) 4.3%

Purchase and Sale

Debt £252,267
Equity £177,078
Interests £34,781
Fees, Maintanence, Costs £34,200
Profit - £3,327
Net Sales Proceeds £495,000

Tenancy Income

Occupied until Vacant
Current Rent £ -
Market Rent £1,450
Houzen Rent* £1,550
Estimated Uplift 7%

Mortgage and Equity

Gross Purchase Price £429,345
Loan Amount £252,267
Total Equity at Exchange £48,645
Total Equity at Completion £128,433

Capital and Operating Expenses

Initial Refurbishment £6,345
Annual Maintenance Budget £10,046
Service Charge £11,578 (£3.75 psf)
Property Management £5,022
Leasing Fee £1,209
Total Expenses £34,200

Capital Stack

Net Sales Proceeds £495,000
Equity £177,078
Debt £252,267
Total Repayment £287,048
Interest Payments £34,781
Income £49,500
Capital Gains £65,655

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)

Comming Soon

We are working hard to qualify and bring on-board trusted lending partners. Please stay tuned for an exciting and 100% digital home financing and investing experience. Leave your details if you're interested to learn more