The Aspen is a glamorous residential development nestled in Canary Wharf’s innovation from £398,000.
Units available from £398,000
Up to 5.23% estimated yields
Studio, one-bed, two-bed & three-bed apartments
Located in Canary Wharf’s new neighbourhood, Consort Place
Facilities include residents club, 24/& Concierge Service, CCTV and High-speed fibre optic connection into each apartment
11 minutes’ walk away from Canary Wharf underground station
6 minutes’ walk away from South Quay DLR (Docklands Light Railway) station
Less than 15 minutes away from Elizabeth Line
In the heart of Canary Wharf, The Aspen is the striking new addition to the capital’s skyline. Alongside the iconic River Thames, the stunning architectural masterpiece, comprising of studio, one-bed, two-bed and three-bed apartments is a prime opportunity to invest in the tech hub of Europe from £398,000. Estimating up to 5.23% yield for investors, The Aspen is a smart investment in London’s future.
Surrounded by fantastic transport links, in one of east London’s most favoured areas, The Aspen offers state-of-the-art spacious apartments embracing the stunning view of London. The jewelled crown of Consort Place, Canary Wharf’s newest neighbourhood, The Aspen benefits from its vibrant location and diverse community surrounded by an eclectic oasis.
Blending both history with modernity, Consort Place boasts a landscaped public realm, a health centre and the North Pole house, one of the last remaining pubs from the 19th century. Conveniently located to enjoy the amenities of the Dorsett Hotel, The Aspen benefits from their rooftop bar, gymnasium and restaurant.
Where living meets lifestyle, The Aspen is designed to the highest standard with immaculate detail. In each unit, investors can boast an apartment offering bespoke kitchens, open plan living, built in wardrobes, plus more stunning attributes. To match the elegance of the units, The Aspen boasts The Aspen Club featuring a wellness suite, games room, indoor and outdoor family areas, and a sky lounge and terrace on level 63.
The slim and tall building with a glittering exterior, proves itself to be worthy of the neighbouring regeneration, making it a smart investment opportunity in London.
Reservation Fee: £2,000
Exchange: 5% (less reservation fee- within 28 days)
Interim 1: 5% (6 months after exchange)
Interim 2: 5% (12 months after exchange)
Interim 3: 5% (18 months after exchange)
The Aspen offers investors up to 5.23% estimated rental yields. See table below for an example of the amount of returns you could earn from this investment:
£398,000 x 5.23% rental yields
£20,815.40 per annum
Total Rental Income over 5 years
£20,815.40 x 5
PLEASE NOTE: These figures are estimates only based on current data.
WHY INVEST IN RESIDENTIAL PROPERTY?
With the right property, a shrewd investor can generate enough money to retire early. A well-chosen property portfolio can easily rival a salary, and more often than not requires no management of the investor.
Better than cash in the bank
Buy-to-let returns can be more reliable and effectively offer higher yields than cash sitting in a bank account. The housing supply in the UK is also at a 100-year low, and demand is growing daily. It is predicted that 25% of households will be privately rented within the next 5 years.
All investment comes with a level of risk, but in the world of investment property is as safe as they come.
The demand for residential property exists as long as tenants needs accommodation. The UK currently has a population of 66.96m, due to 80.6 years life expectancy and 283,000 people emigrating into the UK. Alongside this, 101,669 couples are divorcing and 2018 saw 12.1 births per 1000 people, proving a need for more homes.
WHY INVEST IN LONDON?
Barclays and Lloyds Banking Group are among the banks with headquarters in London, making the city of London an economically safe place to invest.
The fifth largest economy in the world, London has a Gross Domestic Product of £580.7 billion promises an array of business opportunities to those willing to bring their knowledge and experience to the city.
The 2018-2022 prices are predicted to grow by 10.9% in Greater London and 8.8% in Central London.
With more 400,000 students in the city, London is home 40 higher institutions including UCL and Imperial College mentioned within the top ten universities in the world.
Approximately 75% of residents aged 16-64, are employed in London, outperforming the rest of the UK
The Elizabeth Line, connecting Heathrow to Essex, will drastically reduce central London commuting traffic, scheduled to be completed in autumn 2019. Expected to support 180,000 homes and create over 360,000 jobs, the demand for property is attracted buyers across the globe before the Elizabeth’s Line impending completion.
Landmarks including Buckingham Palace, London Eye and St Paul’s cathedral have contributed towards the city’s £15 billion tourism industry.