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London
Indescon Square, E14, London

Neighbourhood
Canary Wharf

List Price
£550,000 (£1,015 psf)
Houzen estm discount 4%
Effective Price £528,000 (£974 psf)
Estm. Transaction Fees £7,920 (£15 psf)
Stamp Duty* £16,400 (£30)
Gross Purchase Price £552,320 (£1,019)
Asking Price £550,000
Target Discount 4%
Transaction Fee £7,920 (1.50%)
Down Payment £52,800 (10%)
Cash-on-cash Multiple 1.41x
Total Profit £145,711
Discount Rate 4%

Rent

Est Market Rent £2,275
Houzen Rent £2,400
Entry Yield
4.9%
5.2%

*Assuming UK stamp duty holiday

Zen Score : 7.4 / 10

Houzen Rentability Asset Neighbourhood London Weight
Amenities (micro location) 7.7 7.4 6.7 22.5%
Location 7.6 7.6 7.0 22.5%
Property 7.4 7.4 6.9 20.0%
Neighbourhood 7.0 7.3 6.6 17.5%
Eco Sustainability and Wellness 7.4 7.3 6.3 17.5%
Total Score 7.4 7.4 6.7 100.0%

This apartment is ideal for lifetyle renters working in the finance district.The location offers a wide range of amenitites and is in easy access to the Jubilee Line and DLR.

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

Feature

  • 3 bed
  • Lease Hold
  • 2 Bathroom
  • 1004 Sq Ft
  • Year Built -
  • Broadband 80 mbps
Distance to Minutes Distance (Miles)
South Quay DLR 4 0.2
Canary Wharf Underground 11 0.6
Canary Wharf Riverboat 15 0.8
Asda Superstore 7 0.4
Waitrose Superstore 14 0.7
Canary Wharf Finance District 11 0.6
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
Bed 3
Bath 2
Square footage 1,004
Year Built/Converted -
Last refurbished -
Outdoor Space n/a
Broadband Speed (estm) 80 mbps

Estimated Financial Return

Cash-on-cash Multiple 1.41x
Income £84,231
Capital Growth £61,480
Total Profit £145,711
IRR 7.7%
Income Yield (Market Rent) 4.9%
Income Yield (Houzen Rent) 5.2%

Purchase and Sale

Debt £324,766
Equity £227,554
Interests £46,326
Fees, Maintanence, Costs £45,369
Profit - £30,215
Net Sales Proceeds £613,800

Tenancy Income

Occupied until Vacant
Current Rent £ -
Market Rent £2,275
Houzen Rent* £2,400
Estimated Uplift 5%

Mortgage and Equity

Gross Purchase Price £552,320
Loan Amount £324,766
Total Equity at Exchange £60,720
Total Equity at Completion £166,834

Capital and Operating Expenses

Initial Refurbishment £7,920
Annual Maintenance Budget £12,540
Service Charge £15,261 (£3.20 psf)
Property Management £7,776
Leasing Fee £1,872
Total Expenses £45,369

Capital Stack

Net Sales Proceeds £613,800
Equity £227,554
Debt £324,766
Total Repayment £371,092
Interest Payments £46,326
Income £84,231
Capital Gains £61,480

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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