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London
The Wardian, Marsh Wall, E14, London

Neighbourhood
Canary Wharf

List Price
£575,000 (£1,150 psf)
Houzen estm discount 8%
Effective Price £529,000 (£1058 psf)
Estm. Transaction Fees £7,935 (£16 psf)
Stamp Duty* £1,450 (£3)
Gross Purchase Price £538,385 (£1,077 psf)
Asking Price £575,000
Target Discount 8%
Transaction Fee £7,935 (1.50%)
Down Payment £52,900 (10%)
Cash-on-cash Multiple 1.30x
Total Profit £107,567
Discount Rate 4%

Rent

Est Market Rent £1,500
Houzen Rent £1,700
Entry Yield
3.3%
3.8%

*Assuming UK stamp duty holiday

Zen Score : 8.0 / 10

Houzen Rentability Asset Neighbourhood London Weight
Amenities (micro location) 7.9 8.1 6.7 22.5%
Location 8.9 8.4 6.6 22.5%
Property 8.1 7.4 6.8 20.0%
Neighbourhood 7.1 7.0 6.6 17.5%
Eco Sustainability and Wellness 7.9 7.4 6.1 17.5%
Total Score 8.0 7.7 6.5 100.0%

This Ballymore development offers a range of communal facilities including 24 hour concierge, cinema room, sky lounge cocktail bar, on site restaurant, 25m swimming pool, high end gym facilities and your own private garden.

The 12th floor apartment, has an open plan reception, floor to ceiling windows, a fully integrated kitchen and a large balcony.

  • New-built with a range of luxury communal facilities
  • Walking distance to Cross Rail, Underground and DLR
  • Large balcony and terrace
  • 12th floor view and abundant natural light

Feature

  • 1 bed
  • Lease Hold
  • 1 Bathroom
  • 500 Sq Ft
  • Year Built 2020
  • Terrace
  • Broadband 80 mbps
Distance to Minutes Distance (Miles)
Canary Wharf Underground 4 0.2
Heron Quays DLR 4 0.2
Canary Wharf Riverboat 10 0.5
Waitrose Superstore 10 0.5
GP Clinic 12 0.6
Canary Wharf Finance District 5 0.3
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
Bed 1
Bath 1
Square footage 500
Year Built/Converted 2020
Last refurbished -
Outdoor Space Terrace
Broadband Speed (estm) 80 mbps

Estimated Financial Return

Cash-on-cash Multiple 1.30x
Income £51,952
Capital Growth £55,615
Total Profit £107,567
IRR 6.1%
Income Yield (Market Rent) 3.3%
Income Yield (Houzen Rent) 3.8%

Purchase and Sale

Debt £316,199
Equity £222,186
Interests £37,056
Fees, Maintanence, Costs £29,648
Profit - £11,089
Net Sales Proceeds £594,000

Tenancy Income

Occupied until Vacant
Current Rent £ -
Market Rent £1,500
Houzen Rent* £1,700
Estimated Uplift 13%

Mortgage and Equity

Gross Purchase Price £538,385
Loan Amount £315,096
Total Equity at Exchange £60,835
Total Equity at Completion £161,351

Capital and Operating Expenses

Initial Refurbishment £7,935
Annual Maintenance Budget £11,241
Service Charge £4,250 (£2.00 psf)
Property Management £4,896
Leasing Fee £1,326
Total Expenses £29,648

Capital Stack

Net Sales Proceeds £594,000
Equity £222,186
Debt £316,199
Total Repayment £353,254
Interest Payments £37,056
Income £51,952
Capital Gains £55,615

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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