Harbard Close IG11 in London

Name: Sales in Harbard Close IG11 started!
Start: 2021-10-04T11:18:21.067867+00:00
End: 2023-12-31T23:59:59+0000
Location: Harbard Close IG11

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Project info

Object ID: 14801

Finished at	December 2020
Price, m²	From 5120$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 37.90 m²
Floors	4
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	Intercom CCTV
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

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

189,440$

Net profit

5,883$

Payback period

23.5 years

Avg property value increase per year

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About the project

The new complex is located in Barking, the centre of the London Borough of Barking and Dagenham. Not everyone knows that there are more than 25 green parks and gardens in this area. Harbard Close IG11 is just 0.5 miles from Barking rail station, providing quick and comfortable connections to any part of London. There are also two metro stations and bus stops nearby.

The windows of Harbard Close IG11 overlook a small cosy park where you can relax after a working week. There are also many schools and kindergartens in the district. The various restaurants, cafes, pubs and bars are within walking distance. There is an abundance of shops, department stores and malls for shopping. You can go to the theatre, exercise at one of the many sports grounds or in the gym in your free time.

What are the architectural features?

The new affordable housing project was developed by Clerkenwell-based architects Reed Watts, who have a reputation for planning thoughtful, people-focussed buildings. In their approach to construction, it is crucial for them to create a building that will be in harmony with the landscape around it. Harbard Close IG11 is a collection of three 4-storey houses built in a contemporary style. Each building is finished in red-brown bricks and has a regular shape and flat roof, floor-to-ceiling windows and balconies.

Which amenities are on the territory?

The developer makes sure that there are excellent relations between the neighbours of its residential complexes; therefore, the company pays great attention to the common areas. Harbard Close IG11 has a garden room with bean bag chairs and casual décor where residents can work, relax or socialize. This area can also be booked for fitness, yoga or other activities. Residents also have access to common gardens with hard and soft landscaping, benches, a dining table and a ping-pong table.

Harbard Close IG11 also provides bicycle storage. The complex has a fire alarm, video intercom and video surveillance. In addition, solar panels are installed on the roofs.

Developer

Back in 2005 we had an idea. To help the millions of young, middle earning Londoners who contribute to their city in so many ways, buy their…
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