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London
Pan Peninsula, E14, London

Neighbourhood
Canary Wharf

List Price
£550,000 (£699 psf)
Houzen estm discount 5%
Effective Price £522,500 (£664 psf)
Estm. Transaction Fees £7,838 (£10 psf)
Stamp Duty* £1,125 (£1 psf)
Gross Purchase Price £531,463 (£675 psf)
Asking Price £550,000
Target Discount 5.00%
Transaction Fee £7,838 (1.50%)
Down Payment £52,250 (10%)
Cash-on-cash Multiple 1.30x
Total Profit £112,386
Discount Rate 4%

Rent

Est Market Rent £2100
Houzen Rent £2300
Entry Yield
4.7%
5.2%

*Assuming UK stamp duty holiday

Zen Score : 7.9 / 10

Houzen Rentability Asset Neighbourhood London Weight
Amenities (micro location) 7.9 8.1 6.7 22.5%
Location 8.9 8.4 7.0 22.5%
Property 7.8 7.4 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 7.9 7.7 6.7 100.0%

The Pan Peninsular developement comprise of a wide range of heath and fitness complex with a holistic spa, private cinema, 24 hour concierge service and underground parking.

The apartment has a private balcony with a 25th floor view over Canary Wharf and the City of London

  • Walking distance to Canary Wharf
  • 24 hour concierge, gym and swimming pool
  • Private Balcony with views of Canary Wharf and the City

Feature

  • 2 bed
  • Lease Hold
  • 2 Bathroom
  • 787 Sq Ft
  • Built 2009
Distance to Minutes Distance (Miles)
South Quay DLR 1 0.1
Canary Wharf Underground 7 0.4
Canary Wharf Riverboat 10 0.5
Waitrose Superstore 11 0.6
Asda Superstore 6 0.3
Canary Wharf Finance District 8 0.4
Central London via Public Transport 25

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 (984 years)
Bed 2
Bath 2
Square footage 787
Year Built/Converted 2009
Last refurbished -
Outdoor Space n/a
Broadband Speed (estm) 40 mbps

Estimated Financial Return

Cash-on-cash Multiple 1.30x
Income £49,848
Capital Growth £62,538
Total Profit £112,386
IRR 5.7%
Income Yield (Market Rent) 4.7%
Income Yield (Houzen Rent) 5.2%

Purchase and Sale

List Price £400,000 (£638 psf)
Houzen estm discount -5%
Effective Price £380,000 (£606 psf)
Estm. Transaction Fees £5,700 (£9 psf)
Stamp Duty -
Gross Purchase Price £385,700 (£615 psf)
Selling Price £437,000 ( £697 psf )
Sales Fees - £4,370 (- £7 psf)
Sales Receipt £441,370 (£704 psf)

Tenancy Income

Occupied until Vacant
Current Rent £ -
Market Rent £2,100
Houzen Rent* £2,300
Estimated Uplift 10%

Mortgage and Equity

Gross Purchase Price £531,463
Loan Amount £312,129
Total Equity at Exchange £60,088
Total Equity at Completion £159,246

Capital and Operating Expenses

Initial Refurbishment £7,838
Annual Maintenance Budget £12,409
Service Charge £44,859 (£ 12.00 psf)
Property Management £7,452
Leasing Fee £1,794
Total Expenses £74,352

Capital Stack

Net Sales Proceeds £594,000
Equity £219,334
Debt £312,129
Total Repayment £352,539
Interest Payments £40,410
Income £49,848
Capital Gains £62,538

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)