New Mill Quarter in London

Name: Sales in New Mill Quarter started!
Start: 2021-08-26T07:01:31.108192+00:00
End: 2023-12-31T23:59:59+0000
Location: New Mill Quarter

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Project info

Object ID: 13953

Finished at	December 2023
Price, m²	From 6600$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 49.50 m²
Floors	6
Apartments	440
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Fitness 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

323,400$

Net profit

6,783$

Payback period

35.8 years

Avg property value increase per year

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About the project

Mill Hill Quarter is a collection of 440 new homes located in South-West London, and just a few steps away from the thriving local nature, a huge choice of educational facilities of all levels and international restaurants bringing the world’s cuisines to this laid-back neighbourhood. The location is great for those who enjoy spending time outdoors: there is much to explore in the nearby parks, open grounds and nature reserves. There are jogging and cycling routes, cricket and golf clubs as well as other sports facilities in the area. Shopping is fast and convenient due to a selection of supermarkets and large-scale malls within a short driving distance. Hackbridge Station of the National Rail connects the neighbourhood to the rest of the city.

New Mill Quarter is built according to the best practices of contemporary mixed-use development. High-quality craftsmanship is combined with versatile design solutions in different types of units. The territory is landscaped designed and is to become the focal point where residents can rest and socialize. The development is a suitable choice for various potential owners, from singles and couples to small and large families.

Residents of New Mill Quarter enjoy access to a cozy communal garden with landscaped features. The territory is green and well-maintained and includes children’s playing areas suitable for family pastime. There is a Lidl directly on-site, making grocery shopping a matter of minutes. Selected plots include allocated parking places. In the future, the development will also host a café and commercial spaces.

Developer

Our business is acquiring land, obtaining planning consents and building the highest quality homes in places people aspire to live. This is …
Details about Barratt Developments PLC