Description

Two-bedroom apartment with high rental income, in London (blackwall).
Blackwall Reach is a project to modernize the area, where 1,575 new apartments, open areas and parks, new stores and infrastructure will be built. In the first phase, houses with 1, 2, and 3 bedrooms were built. This project takes into account the history of the district and the current needs of its residents. Key factors: 2-bedroom apartments and a penthouse. Open-plan living room and kitchen. The rooms have parquet and tile floors. Modern kitchen with built-in furniture. The bedrooms are designed with everything you need in mind and have built-in wardrobes, good lighting and Underfloor heating. The apartments have a winter garden / balcony that can be used as an additional room, with views of River Thames, Canary Wharf and the West End. 5-star concierge service. 10 years NHBC warranty on the building. Apartment with an area of 100 sq. m. is located on the 9th floor.
Blackwall Reach in E14 is a brand new project for the area, located just 10 minutes from London's Canary Wharf business district. Located near Blackwall DLR station Canary Wharf, Underground Station-8 minutes walk, Bank Underground Station-12 minutes, direct DLR line Oxford Circus, Underground Station-23 minutes, direct connection Liverpool Street Underground Station-6 minutes (after the commissioning of Crossrail, expected in the second half of 2021). Paddington Underground Station-16 minutes (after Crossrail is commissioned, expected in the second half of 2021). Direct connections to Central London and many other areas, including City Airport. Heathrow airport is 42 minutes away (after Crossrail is commissioned, expected in the second half of 2021).
The cost of the apartment is 667,500 pounds. Rental income is £ 2,300 per month or £ 27,600 per year. Expenses: - the cost of Agency services for rent (from 8% to 15% of the rent) - service fees: 2.6 pounds per square foot (2,860 pounds per year for an apartment size of 1,100 square feet (102 sq. m.), for smaller apartments the costs are lower). Rent of land 400 pounds a year. For new homes in London, service charges are usually from 3.5-5 pounds per square meter. a foot or more, in Central London, is 10-15 pounds per square foot. Information on the area as a whole: the Average price of an apartment is 440,000 pounds, the average rent is 2,195 pounds. 4.0% average yield - 4% per annum, 16% - growth of the average price over the past 5 years. Over the past 5 years, the rental cost has increased by 18%. the forecast for the rental cost Is 21 % - a 5-year forecast; information and statistics from CBRE-the leading Agency in the UK capital. Data include a large number of secondary housing, for new buildings indicators are higher.The documents are ready for the transaction.