Park Place in London

Name: Sales in Park Place started!
Start: 2021-09-20T12:31:05.595260+00:00
End: 2023-12-31T23:59:59+0000
Location: Park Place

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Project info

Object ID: 14535

Finished at	March 2022
Price, m²	From 8000$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 38.00 m²
Floors	4
Apartments	41
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

304,000$

Net profit

5,883$

Payback period

37.6 years

Avg property value increase per year

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About the project

Park Place is nestled in Finchley, a large residential district that lies within the London Borough of Barnet. The peaceful streets of the area are lined with Victorian and Edwardian homes, mixed with modern apartment blocks. Rising at Ballards Lane, the new residential complex benefits from an array of independent stores and foreign cuisines scattered along the street. Right across the road is Victoria Park, a vast leafy space that has tennis courts, playgrounds, and a bowling club. The close proximity to the complex and lovely footpaths make it a perfect place for a morning jog. To enjoy some water sceneries, you can take a walk to Riverside Park, a charming green area embracing Dollis Brook.

The district is easily accessible by underground as West Finchley Station is only a short stroll away. Linked to the Northern Line, the station offers swift ways to reach King’s Cross, Leicester Square, and Waterloo, among many other destinations.

What are the project features?

Facing the park, the 4-storey development blends in perfectly with the rest of the district’s architecture. The traditional brick façade paints a wonderful picture of urban living, mixed with some historic charm and contemporary design. The top floor is accentuated by grey panelling that adds a warehouse-like vibe. The buildings are generously peppered with immense floor-to-ceiling windows, coupled with spacious balconies. To match the top level’s style, the exterior features some grey details as well.

Which amenities are on the territory?

Park Place features a beautiful roof terrace, where residents are welcomed to relax and enjoy stunning views of Victoria Park. It is a perfect place to get to know your neighbours while basking under the sun or feeling a refreshing breeze. Each apartment comes with a secure post box and a video entry system to grant its residents some peace of mind. Moreover, Park Place includes 20 parking spaces as well as bike storage.

Developer

Founded by Hackney born Henry Smith in 1995, Aitch Group has earned a reputation as a leading property developer in London. Built upon stron…
Details about Aitch Group