The Silk District in London

Name: Sales in The Silk District started!
Start: 2021-08-30T13:49:06.437829+00:00
End: 2023-12-31T23:59:59+0000
Location: The Silk District

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Project info

Object ID: 14035

Finished at	August 2023
Price, m²	From 13400$
Housing class	Business
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 39.00 m²
Floors	21
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Fitness Pool 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

522,600$

Net profit

5,883$

Payback period

64.7 years

Avg property value increase per year

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Promos and discounts for The Silk District

About the project

The Silk District is a new development located moments from Whitechapel Station and within walking distance to the City. The new Crossrail line will mean The Silk District is only 3 minutes to Canary Wharf, 2 minutes to Liverpool street and 10 minutes to Bond street making it perfectly situated for the daily commute.

Whitechapel is becoming a hotspot for investment with it now being the destination of choice for many new businesses. It is currently undergoing regeneration and so is the perfect location for someone looking for excellent price growth potential from their apartment.

In the immediate area residents will benefit from an extensive choice of restaurants, bars and cafes. Notably Shoreditch, Brick Lane, Spitalfields Market and Bethnal Green are all less than a 10-minute walk from the development.

The Silk District is an exciting new development of 3 residential blocks set around a piazza with private landscaped gardens. New commercial space on the ground floor of The Silk District will become host to many new and exciting restaurants, cafes, bars and shops.

The Jacquard Tower extends to 21 storeys and The Georgette to 8 storeys. Apartments are finished to a high specification with terrazzo effect tiling to living areas and bathrooms, natural oak effect cabinets to kitchens and in-built wardrobes to master bedrooms. Residents will enjoy access to luxury on-site facilities including a gym and spin room, residents lounge and flexible workspace, landscaped roof-top gardens, private cinema and 24-hour concierge.