Carriages in London

Name: Sales in Carriages started!
Start: 2021-10-11T08:24:42.117190+00:00
End: 2023-12-31T23:59:59+0000
Location: Carriages

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Construction

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Project info

Object ID: 14980

Finished at	December 2020
Price, m²	From 7090$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 51.00 m²
Floors	5
Apartments	28
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV 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

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

361,590$

Net profit

7,229$

Payback period

38.1 years

Avg property value increase per year

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About the project

Carriages is located in Purley in the London Borough of Croydon. The neighbourhood combines the cozy and laid-back local vibe with the convenience of being connected to London and the South East via two National Rail lines with Purley Station a couple of minutes away from the property. The local selection of restaurants, cafés and shopping venues provides everything for daily comfort. The nearby parks and golf courses are the focal points for outdoor recreation. The local community spirit is strong and supports cultural activities and, therefore, amenities like a literary society and a debating society can be found close to Carriages.

What are the project features?

Carriages is a part of an area that used to be an important transport link for carrying goods to the Thames – the property got its name from the horse-drawn cargo carriages. The local past is reflected in the red brick facades and bronze elements of the building as well as in the landscape design of the communal areas. Inside, the apartments are contemporary and spacious, with full-height windows for maximum natural light and private outdoor spaces in selected plots.

What are the on-site amenities?

Carriages offers the lifehost service providing assistance to the residence and ensuring on-site security. The range of amenities is impressive: a social kitchen with a stock of products available, a sky lounge, a rooftop terrace and a guest suite for visitors. Apart from communal outdoor space, there are beautiful private roof terraces or gardens

Developer

Pegasus was founded in 2012 to improve the options for people hoping to downsize and simplify their lives. We wanted to create places that a…
Details about Pegasus