The City Box is an innovative development in the heart of South West London from £445,000.
Units available from £445,000
Up to 4.7% Rental Returns
79 units- Studio, One Bedroom, Two Bedroom, Three Bedroom & Penthouse
Located in the Borough of Wandsworth
Leasehold: 993 years
Completion: Q3 2020
Facilities include lobby, bicycle storage and 24hr CCTV
12 minutes’ walk to Wandsworth Town Rail Station
3 minutes’ walk to Southside Wandsworth Shopping Centre
13 minutes’ walk to Wandsworth Park
18 minutes’ walk to East Putney Underground Station
In the heart of South West London, The City Box is a landmark in Wandsworth’s regeneration schemes. Comprising of 79 pristine studios, one-bedroom, two-bedroom, three-bedroom and penthouse apartments, The City Box’s spacious apartments are available from £445,000.
An investment in one of London’s most promising borough’s The City Box, is positioned in the heart of Wandsworth, adjacent to the popular King George’s Park. Part 11 storey, part 18 storey and part 20 storey, The City Box, is the poster project for the borough’s regeneration work offering state of the art homes. Offering stunning views of the iconic capital, the bright and spacious apartments complete with external-lit balconies and handless kitchen units, makes for a substantial investment opportunity with a sizeable demand.
Providing facilities including sheltered cycle storage, daytime concierge, resident’s roof terrace with children’s play area, plus more, every aspect of design has been features intricate detailed to ensure The City Box sets the standard for luxury living in the trendy borough. This focus proves demand will be high ensuring itself as a secure investment opportunity.
Reservation fee: £2,000
Exchange of Contracts: 10% (less reservation fee)
Remaining Balance on Completion
The City Box, offering up to 4.7% rental returns. See table below for an example of the amount of returns you could earn from this investment:
£445,000 x 4.7% Rental Yields
£20,915 per annum
Total Rental Income over 5 years
£20,915 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.