Goodluck Hope: Prices and Yields in a Project with a 25 Metre Pool

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Hello everyone, A 25 metre swimming pool, a Scandinavian sauna, a private cinema and a viewing lounge on the 29th floor, all in a single club. Today, Goodluck Hope is what we are looking at today!

For prices, taxes and the whole buying process, see our guide: UK Property Guide

Apartment types, current price range and location: see the project page

A scheme on the bank of the Thames at Blackwall, brought to life by turning a historic shipyard into a new residential quarter. With an architecture that reinterprets the warehouse aesthetic, it has panoramic views of the O2, Canary Wharf and beyond. But the real point is The 1595 Club: a network of amenities gathered under one roof and open to every resident. And the scheme is Completed, ready to move into or to let. Yes, you read that correctly.

Prices

• Apartments: £430,000 band and up
• Studio, one, two and three bedroom apartments, duplexes, lofts and houses
• Sizes: 44 m², 178 m²
• Completed, ready to move into or to let
• Address: Orchard Place, Blackwall, Tower Hamlets, London E14 0JU

It is very hard to find this amenity package in London at this price. A 25 metre pool and a 29th floor viewing lounge are features normally seen on schemes above £1,000,000. And on top of that, no off-plan waiting period, daireyi gezip karar veriyorsunuz. the advantages of buying a new build home is one of the few schemes that pairs this with immediate handover.

Why Goodluck Hope?

A riverside setting and a panoramic view: the scheme sits right on the bank of the Thames, on the Blackwall peninsula. The O2 Arena, the Canary Wharf skyline and the river view are visible from most of the aspects. At this point the opposite bank is largely closed to development, which means the view is permanent.

• An 8 minute walk to the Jubilee Line (Canning Town)
• on the Jubilee Line one stop to Canary Wharf, London Bridge 10 minutes, Bond Street 20 minutes
• East India and Blackwall DLR stations are close by
• Custom House an Elizabeth Line station a short walk away
• Cafes, bars, shops and restaurants within the scheme

Tarihi tersane dokusu: Orchard Place is an area where ships were built for centuries. The scheme reinterprets that industrial heritage while preserving it. Schemes of this character in London (Battersea Power Station, Royal Arsenal, Ram Quarter) acquire their own identity over time and separate themselves from ordinary glass towers.

Daily life: club living

A morning swim in the 25 metre pool, then Canary Wharf one stop away on the Jubilee Line. A meeting at The Work House at lunchtime. A sauna at The Steam House or a film at The Picture House in the evening. At the weekend The Lantern Room on the 29th floor: a coffee against the London view, or the restaurants inside the scheme. A life you can build without leaving the site.

Goodluck Hope rental yield

The amenity package and the proximity to Canary Wharf are a strong combination in letting. One bedroom apartments usually let for £2,200 to £2,450, 2+1s £2,650 to £3,100 a month. That puts the gross rental yield in the 5-5.5% band.

Tenant profile: young professionals working in Canary Wharf and the City, and the 25 to 40 age group who value amenities such as a pool and a gym. The 1595 Club sets your letting advertisement clearly apart from its rivals in the district, and this segment is willing to pay extra for an amenity. For areas with a similar profile, high yield buy to let areas is worth a look.

The 1595 Club, and the details that set Goodluck Hope apart

The scheme’s amenities are gathered under a single club and each carries its own name:

• The Water House, A 25 metre swimming pool; this length is rare in residential schemes in London.
• The Steam House: a Scandinavian style sauna and wet areas.
• The Sweat House: a fully equipped gym with the latest technology.
• The Work House: a business centre and work spaces for residents only.
• The Picture House: a private cinema room.
• The Lantern Room, 29. katta seyir salonu; a panoramic London view.
• Retail space within the scheme: cafes, bars, shops and restaurants at your door.
• A variety of apartment types: apartments, duplexes, lofts and houses side by side.

Energy efficiency and comfort

As a new build it comes with modern insulation, a high performance glazed facade and efficient heating; the apartments are typically EPC B band. Against the older stock in Tower Hamlets the difference in the annual bill is plain. If you let the property you are also safe against the tightening minimum energy standards in the United Kingdom.

Who is buying?

This project those wanting the amenity package without a Zone 1 budget choice. Professionals aged 25 to 45 choose it for their own use, and investors because it is a product that stands out in letting. The loft and duplex options are a separate attraction for buyers who do not want a standard tower apartment. Being complete is decisive for anyone who says "I do not want my money sitting idle through a waiting period".

Frequently asked questions

Is the service charge high? In a club structure with a 25 metre pool, a sauna, a cinema and a business centre the service charge sits above the London average. Do ask for this item when working out the net yield; we obtain the current figure for each apartment.

What is the Blackwall area like? The scheme sits within its own enclosed setting on the riverside; the surrounding neighbourhood fabric is still changing. Being one stop from Canary Wharf is the strongest argument.

Does every apartment have a river view? No, it varies with the aspect and the floor. Apartments with a view are markedly more valuable; we guide you on the choice of aspect.

What is the tenure? Leasehold, with newly sold apartments typically given a term of up to 999 years.

Can I buy remotely from abroad? Yes. On completed schemes the process runs even faster. For the details, remote property purchase guide page.

Can I use a mortgage? Foreign buyers can normally borrow up to 65-75% of the value. UK mortgages for foreign nationals is worth reading.

Total cost: what you actually pay when you buy at Goodluck Hope

Many overseas buyers look only at the apartment price and meet a surprise at completion. Let us work out the real cost on a £430,000 apartment. Stamp duty (SDLT) in the United Kingdom is banded: 0% up to £125,000, then 2%, 5%, 10% and 12%. On top of that, non-residents pay a 2% surcharge, and if you already own another home, a further 5% additional dwelling rate applies.

With a mortgage there are also valuation and bank charges, and if you let the property, management commission and income tax. The figures above are indicative, based on a £430,000 entry price; we prepare the exact calculation for your own scenario.

The Goodluck Hope buying process, step by step

If you are buying from another country, the process runs like this:

• 1. Choosing the apartment and reserving it. We go through the floor plans, the aspect and the view. The apartment you choose is usually held with a reservation fee of £5,000 to £10,000.
• 2. Appointing a solicitor. An independent English property solicitor (conveyancer) is appointed. That solicitor acts for you, not for the developer.
• 3. Identity and source of funds checks. You will be asked for a passport, proof of address and documents showing the source of your funds. This step is compulsory in the United Kingdom, and having the papers ready shortens the process.
• 4. Exchange of contracts and deposit. Contracts are usually exchanged within 21 days of the reservation, with a 10% deposit. The signature can be given digitally from abroad.
• 5. Stage payments. In off plan projects these follow the payment schedule; for completed apartments the step is skipped.
• 6. Completion. The remaining balance and the stamp duty are paid and the title is registered in your name. For completed apartments this stage can take four to eight weeks.

You can run the whole process from your own country; you do not have to travel to the United Kingdom.

Risks and what to watch for

We have set out the strengths; in fairness there are points to watch as well. For Goodluck Hope, these are the ones worth pausing on:

• High service charge, a 25 metre pool, a sauna, a cinema and a business centre are costly amenities; ask for the figure at the outset.
• The Blackwall area is changing: the scheme is enclosed and on the riverside, but the surrounding neighbourhood fabric has not settled yet.
• Not every apartment has a river view: it depends on the aspect and the floor; apartments with a view are clearly worth more.
• 44 m² planlar kompakt: liquid as an investment but it may feel tight for your own use.

None of this makes the project a bad one, but there is a wide gap between buying with your eyes open and finding out afterwards. We give every client this list up front.

How does Goodluck Hope compare with the alternatives?

Before you decide, it is worth looking at the other projects in the same budget band:

• Bow Green: a Berkeley concept with a pool, in a similar budget band.
• Cerulean Quarter: a 32 storey tower alternative connected to a park.
• Royal Arsenal Riverside: an amenity package by the river including a pool and spa.

We can work out together which project fits your goal, judged on budget, intended use and exit plan. For an overview, our guide to UK property investment for international buyers is worth reading too.

Answers to the most common questions on this topic: Is Buying a Home in London a Good Idea?