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London
Wandsworth Road, SW8, London

Neighbourhood
Nine Elms

List Price
£575,000 (£1,055 psf)
Houzen estm discount 7%
Effective Price £535,000 (£982 psf)
Estm. Transaction Fees £8,025 (£15 psf)
Stamp Duty* £1,750 (£3)
Gross Purchase Price £544,775 (£1,000 psf)
Asking Price £575,000
Target Discount 6.96%
Transaction Fee £8,025 (1.50%)
Down Payment £53,500 (10%)
Cash-on-cash Multiple 1.32x
Total Profit £113,879
Discount Rate 4%

Rent

Est Market Rent £1,900
Houzen Rent £2,000
Entry Yield
4.2%
4.4%

*Assuming UK stamp duty holiday

Zen Score : 8.0 / 10

Houzen Rentability Asset Neighbourhood London Weight
Amenities (micro location) 7.9 7.9 6.7 22.5%
Location 8.4 8.0 7.0 22.5%
Property 8.3 7.8 6.9 20.0%
Neighbourhood 7.9 7.3 6.6 17.5%
Eco Sustainability and Wellness 7.9 7.9 6.3 17.5%
Total Score 8.0 7.8 6.7 100.0%

The development features 24 hour concierge service, private residents gym, communal winter garden on the 8th floor and Sky Garden on the 35th with amazing views of London.

It is located at the Nine Elms underground station (opening Sept 2021) and within 500 metres from Vauxhall tube station, over ground, bus station and all local amenities.

  • Situated right next to Nine Elms Underground (Q4 2021)
  • Reasonable management fee - 24 hour concierge and gym
  • Large communal Sky Garden on 35th floor
  • 24th floor view of London and River Thames

Feature

  • 1 bed
  • Lease Hold
  • 1 Bathroom
  • 545 Sq Ft
  • Year Built 2020
  • Winter Garden
  • Broadband 51 mbps
Distance to Minutes Distance (Miles)
Canary Wharf Riverboat 8 0.4
Heron Quay DLR 10 0.5
Canary Wharf Underground 11 0.6
Tesco Express 4 0.2
Asda Superstore 19 1.0
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 (999 Years)
Bed 1
Bath 1
Square footage 545
Year Built/Converted 2020
Last refurbished -
Outdoor Space Winter Garden
Broadband Speed (estm) 51 mbps

Estimated Financial Return

Cash-on-cash Multiple 1.32x
Income £64,654
Capital Growth £49,225
Total Profit £113,879
IRR 6.6%
Income Yield (Market Rent) 4.2%
Income Yield (Houzen Rent) 4.4%

Purchase and Sale

Debt £319,956
Equity £224,819
Interests £37,543
Fees, Maintanence, Costs £31,346
Profit - £19,665
Net Sales Proceeds £594,000

Tenancy Income

Occupied until Vacant
Current Rent £ -
Market Rent £1,900
Houzen Rent* £2,000
Estimated Uplift 5%

Mortgage and Equity

Gross Purchase Price £544,775
Loan Amount £318,840
Total Equity at Exchange £61,525
Total Equity at Completion £163,294

Capital and Operating Expenses

Initial Refurbishment £8,025
Annual Maintenance Budget £11,369
Service Charge £4,633 (£2.00 psf)
Property Management £5,760
Leasing Fee £1,560
Total Expenses £31,346

Capital Stack

Net Sales Proceeds £594,000
Equity £224,819
Debt £319,956
Total Repayment £357,499
Interest Payments £37,543
Income £64,654
Capital Gains £49,225

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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