Project

Pierhead Lock, London, E14, UK

Year 2013

• Bought GBP272,000. Expenses / Taxes = 15,000.
• Total 287k. Mortgage 217,600.
• Interest 3.5%.
• 7,616 pa interest.
• Gross rent 16,640.
• Service charge + fees = 5,500.
• Net profit = 3,524 pa.
• Money left in = 69,400.

Year 2015

• Valuation 350k. Equity = 132,400.
• Internal Rate of Return = 42.51%.
• Remortgage = 280k.
• Money left in 7000 + 10k expenses for repairs = 17k.
• Interest = 9,800 pa.
• Gross rent 17,160.
• Svc charge + fees = 6500.
• Net profit = 860 pa.

Year 2021

• Valuation 400k.
• Equity = 120k.
• Internal Rate of Return = 41.15% ( annualised total return).

Gallery