UK number: +44 (0) 20 7394 4499 | SA number: +27 (0) 12 004 2778 info@ultimatehousing.co.uk

Goldmine Close, SE16

GOLDMINE CLOSE SE16

  • We purchased this property for £730 000 in January 2015
  • A terraced house in a gated development next to Canada Water Tube Station
  • Identified the opportunity to convert the loft and garage
  • Turned property into a 6-bedroom, 6-bathroom house
  • 10-month project turnaround
  • Property valued at £1 million after refurbishment
  • Net 26% uplift in capital invested

GOLDMINE CLOSE IMAGES

PLANS

Here you take a look at the full scale plans of this house and interact with to grasp it’s full scale and design within the house and surrounding area.

INVESTMENT MODEL

PURCHASE SUMMARY RENTAL SUMMARY
Purchase price £ 735 000.00 Number of residents 6
Mortgage @ 70% Loan To Value £ 514 500.00 Price per person £ 920.00
Interest rate 5% Total rental income per month £ 5 520.00
Mortgage payment (Interest Only) £ 2 143.75 Minus bills and service charge £ 600.00
Management fee £ 1 104.00
INITIAL INVESTMENT Mortgage payment £ 2 143.73
Deposit £ 220 500.00 Rental surplus per month £ 1 672.25
Stamp duty £ 26 750.00
Legal fee £ 2 000.00 Gross squre footage at purchase 1312.72
Building and renovation £ 110 000.00 Price per square foot £ 559.91
Furniture £ 7 500.00 Gross square footage after loft and garage conversion 1667.80
Project fee £ 19 000.00 Price per square foot £ 599.59
Cash requirement £ 385 750.00
Cross yield 7.84%
Nett yield on capital invested 5.20%
POST INVESTMENT
Property value after refurbishment £ 1 000 000.00
Capital upside £ 99 750.00
Upside on capital invested 25.86%

CONTACT US

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