Property Pick of the Week 23/09/2020

Dolphin Bridge House, Uxbridge Greater London

This development is primed for the Stamp Duty holiday for first time investors as they will be paying £0 Stamp Duty. If they already own a property they will be paying 3% (as outlined below).

Uxbridge is known for its canal side living and period houses, a legacy Dolphin Bridge House continues. Connected by the Metropolitan and Piccadilly lines, Uxbridge is an appealing commuter town, the Underground station itself a celebrated Art Deco landmark. Dolphin Bridge House lies on the western side of the town, the area favoured by families and young professionals for its network of waterways and former mill conversions, giving it a unique urban identity.

In the last 10 years, the Intu Uxbridge shopping centre has added another mall to the town’s retail and transformed the town centre. It also hosts a nine screen Odeon cinema. In 2016 Coca-Cola announced it was to make Uxbridge its European and British headquarters, a brand that has a long association with the town.

A diverse range of industry occupies the town’s office space with other major HQs including Apple’s UK head office, Cadbury, Xerox, PWC, Mitsubishi, GSK, Hasbro, Cisco Systems, IBM, Fujitsu and Hertz. These commercial giants have led to a steady growth of incoming as well as outgoing commuters to London.

Development information

A brick-built former wharf building, Dolphin Bridge House is a striking collection of 41 apartments on a peninsula surrounded by the waterways of the Grand Union Canal and the River Colne. Connected by the Metropolitan and Piccadilly lines in the affluent west London town of Uxbridge, this charming development offers stylish waterside living only 36 minutes from Central London. From Dolphin Bridge House, Uxbridge Underground station (Metropolitan and Piccadilly lines) and the town centre are a 10-minute walk.

Apartments at Dolphin Bridge House are designed with the surrounding tranquil setting firmly in mind. Cool and clear interiors feature quality brand appliances to produce attractive and comfortable living spaces, befitting of their waterside location.

The Developer’s hall-free philosophy maximises space for true open plan living. Less walls within results in more light throughout, so typically apartments are bright, aspirational and feature quality brand names that appeal to ambitious working professionals and families. Traversed by the River Colne and Grand Union Canal, each apartment enjoys waterside views – a rare and very desirable feature.

Key Investment Factors

  • Stunning location surrounded on two sides by the River Colne and Grand Union Canal
  • Estimated rental yields of up to 5.1%
  • Secure gated parking with 1 space per apartment
  • Furniture pack included
  • Tenanted unit
  • 35 minute into Central London with the Piccadilly & Met lines

Unit number: 23

Unit Type: 1 bedroom

Price: £278,100

Rental Yield: 4.5% NET

Rental Income: £1050 (per month)

Capital Growth: 4% (per year)

Completed development

Stamp Duty: (if first property) £0

Stamp Duty: (if additional property) £8,670 (paid upon exchange)

Legal Fees: £1,600

Payment Plan

£5,000 reservation fee

100% on Exchange (minus res fee)

 

Managed and tenanted by Fortem Property Management on behalf of Hoxton Property for £92.50 per month.

If you are interested in this property or would like to see others like it, please get in touch today.

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Andrew Hipshon
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