Ilford Works in London

Name: Sales in Ilford Works started!
Start: 2021-09-08T13:28:04.771454+00:00
End: 2023-12-31T23:59:59+0000
Location: Ilford Works

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Project info

Object ID: 14302

Finished at	December 2020
Price, m²	From 6400$
Housing class	Business
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 42.00 m²
Floors	12
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

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

268,800$

Net profit

6,783$

Payback period

29.8 years

Avg property value increase per year

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About the project

The development is set in Ilford, east London, and is minutes away from the local thoroughfare with the most popular cafés, restaurants and shopping venues. The area offers a great variety of educational facilities for families with children. A selection of outdoor recreational areas is close by, including a golf course, parks and open spaces. Ilford Works has convenient connections to the rest of the city via the TfL rail line and the overground line. A drive to London City Airport will take not more than 15 minutes.

What are the features of the project?

The contemporary brick facades of Ilford Works feature large windows and spacious outdoor areas, many of which open onto a beautiful courtyard. The upper-floor apartments have access to picturesque views of the surrounding area. The territory is well-maintained, features plenty of trees and lawns and offers a peaceful shelter from the hurried London pace outside.

What are the on-site amenities?

A range of perks for Ilford Works residents includes the landscaped communal courtyard, a secure video entry system, access to bicycle storage and parking places (parking is available to owners of selected apartments for an additional cost). There is a lift to all floors. Maintenance of the communal areas is implemented by a management company and subject to extra costs.