Balfron Tower in London

Name: Sales in Balfron Tower started!
Start: 2021-10-11T07:42:53.659888+00:00
End: 2023-12-31T23:59:59+0000
Location: Balfron Tower

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Project info

Object ID: 14976

Finished at	December 2019
Price, m²	From 11500$
Housing class	Business
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 42.10 m²
Floors	28
Apartments	146
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	Intercom CCTV Security Reception
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

483,000$

Net profit

6,783$

Payback period

53.5 years

Avg property value increase per year

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Promos and discounts for Balfron Tower

About the project

Balfron Tower is located in Poplar in East London, the centre of the borough of Tower Hamlets. The new complex has access to a wide variety of transportation, from buses and light rail to the metro and marina. The Poplar area is distinguished by its proximity to a wide range of city attractions, including museums, galleries and lots of green spaces. The residents of Balfron Tower can walk through the parks and gardens, along the River Thames and enjoy scenic bike rides.

The wide variety of restaurants, cafes and pubs ensures that everyone can find how to spend an evening with friends for all tastes. Shops and malls satisfy any shopping enthusiast. There are many kindergartens, schools, and youth clubs in the vicinity of Balfron Tower for children and teenagers.

What is the architectural style of the building?

Balfron Tower is a 28-storey building dating back to 1967 in the brutalist style. It was designed by Ernő Goldfinger. The building forms a bold sculptural presence in East London. At the moment, thanks to complete restoration and renovation, Balfron Tower has found a new life half a century after its construction. Since the building is a historical monument, every detail of the design of the future residential complex has been carefully thought out. The tall, dark grey tower with many narrow windows stands out against the backdrop of the cityscape and attracts attention. The tower is connected to the main building of the complex by several narrow passages.

Which amenities are on the territory?

In addition to the modern apartments, the new complex has many common spaces, including a culinary room and an adjoining dining room for residents, where various events can be held, a library and a workshop. There is a roof terrace, lifts to all floors and bicycle storage at the residents' disposal. The dwellers can also use the concierge service. Balfron Tower is secured by a video door entry system, CCTV, intruder alarm system, sprinkler system, two escape stairwells and firefighting lift.