GUARANTEED
INCOME New apartments in Mitcham with high demand from young professionals

 
/ LONDON
INVALID LISTING

Total number of units

  • Total number of units by type:: 46
  • Number of available units by type:: 7 (15%)
  • Location: Region England, London MAP
  • Development: Residential
  • Unit types: Apartments (various types), 1-bedroom apartments, 2-bedroom apartments
  • Total number of units:46 
  • Units available for sale:7 (15%)
  • Unit sizes: 0 sq.m FLOOR PLANS
  • Development status: Under construction
  • Planned completion: February 2017
  • Ownership: Leasehold 999 years
  • Rental return (p.a.): 5% (estimated)
  • Capital appreciation (p.a.): 8-12% (estimated)
  • No commission
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Complex/building features

  • Total number of units 46
  • Type of construction Completely renovated building / Restorated building

Distances

  • Distance to centre of the town/city 10 km
  • Food shop 200 m
  • Bus stop 300 m

Rental income features

  • Rental demand in the area High,Long-term rental,Short-term rental
  • Who will rent Local people,Young professionals
  • Unit finishing in order to rent Fully-furnished
  • Annual rental income 5% (estimated)

Taxation

  • Annual local tax/council tax (approximate) £800-£1700 (estimated)

Exit strategy

  • Resale Possible after completion
  • Easy exit High demand - very easy
  • Who will buy Foreign buyers, Local people

*Please note that exit or resale of property depends on market conditions.

Unit/apartment features

  • Furnishing Fully furnished
  • Flooring in rooms Laminate flooring
  • Heating Air-conditioners
  • Views from units Meadow views, Views to Golf course, Views to inner garden

Facilities in the complex/building

  • Communal Garden, Outdoor parking lot, Park, Internet access

Additional purchasing costs


These additional costs include the following, among others:

  • Stamp duty 5%
  • Lawyer fees £900-£2,000 (estimated)
  • Other costs Ground rent: £400 per annum

Capital appreciation (p.a.)

  • Expected price increase of the property* 8-12% (estimated)

*Quote is based on historic facts, market analysis and monitoring of local trends on the market.
*Resale price is fully depending on market conditions. Resale price is not guaranteed.

Ongoing costs and aftersale charges

  • Maintenance charge Obligatory, Service charge - £2.00/sq.ft. (estimated)
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