Buy side beta icon

London
Lamb Court, SW8, London

Neighbourhood
Limehouse Canary Wharf

List Price
£600,000 (£632 psf)
Houzen estm discount 5%
Effective Price £570,000 (£600 psf)
Estm. Transaction Fees £8,550 (£9 psf)
Stamp Duty* £3,500 (£4 psf)
Gross Purchase Price £582,050 (£613)
Asking Price £600,000
Target Discount 5.00%
Transaction Fee £8,550 (1.50%)
Down Payment £57,000 (10%)
Cash-on-cash Multiple 1.31x
Total Profit £120,877
Discount Rate 4%

Rent

Est Market Rent £1,950
Houzen Rent £2,100
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) 7.7 7.7 6.7 22.5%
Location 8.3 8.3 6.6 22.5%
Property 7.1 7.0 6.8 20.0%
Neighbourhood 7.4 6.9 6.6 17.5%
Eco Sustainability and Wellness 7.4 7.4 6.1 17.5%
Total Score 7.6 7.5 6.6 100.0%

The property is a 5 minute walk (0.2 miles) to Limehouse DLR Station which offers good links to The City and Canary Wharf. It has a large private outdoor terrace, 3 bed rooms (1 ensuite) and gated car parking.

  • Walking distance to Canary Wharf and River Thames
  • Easy access to Central London
  • Good rental yield
  • Allocated car parking and large terrace

Feature

  • 3 bed
  • Lease Hold
  • 2 Bathroom
  • 950 Sq Ft
  • Outdoor Space Terrace
  • Broadband 80mbps
  • Year Built 1995
Distance to Minutes Distance (Miles)
Canary Wharf Riverboat 10 0.5
Limehouse DLR 10 0.5
C2C Trainline 11 0.6
Tesco Express 9 0.5
Waitrose Superstore 22 1.1
Canary Wharf Finance District 15 0.8
Central London via Public Transport 25

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 3
Bath 2
Square footage 950
Year Built/Converted 1995
Last refurbished -
Outdoor Space Terrace
Broadband Speed (estm) 80 mbps

Estimated Financial Return

Cash-on-cash Multiple 1.31x
Income £64,377
Capital Growth £56,500
Total Profit £120,877
IRR 6.5%
Income Yield (Market Rent) 4.0%
Income Yield (Houzen Rent) 4.3%

Purchase and Sale

Debt £341,872
Equity £240,178
Interests £40,388
Fees, Maintanence, Costs £36,424
Profit - £20,312
Net Sales Proceeds £638,550

Tenancy Income

Occupied until Vacant
Current Rent £ -
Market Rent £1,950
Houzen Rent* £2,100
Estimated Uplift 8%

Mortgage and Equity

Gross Purchase Price £582,050
Loan Amount £340,680
Total Equity at Exchange £65,550
Total Equity at Completion £174,628

Capital and Operating Expenses

Initial Refurbishment £8,550
Annual Maintenance Budget £12,113
Service Charge £8,075 (£2.00 psf)
Property Management £6,048
Leasing Fee £1,638
Total Expenses £36,424

Capital Stack

Net Sales Proceeds £638,550
Equity £240,178
Debt £341,872
Total Repayment £382,261
Interest Payments £40,388
Income £64,377
Capital Gains £56,500

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

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)