Opportunity to purchase a 6-unit block in Addlestone generating £56,100 rent pa & gross yield of 4.8%
£1,160,000
6-unit Block
VES-KT15-001
INITIAL INVESTMENT
£340,500
Based on
deposit: £290,000
stamp duty: £43,000
mortgage fees: £1,500
conveyancing fees: £6,000
GROSS RENT
£56,100
GROSS YIELD
4.8%
The block
TENURE
Freehold
NO OF UNITS
6
TENANCY STATUS
Tenanted
FURNISHED
No
TOTAL SQ FT
2,302
PRICE SQ FT
£504
Block information
- Block of 6 apartments comprising:
- 4 x 1-bed apartments
- 2 x studio apartments
- The 1-bed apartments are 441 sqft
- The studio apartments are 269 sqft
- The apartments are 10 years old and have been well maintained and redecorated periodically
- Parking for 6 cars at the front of the property
- A communal paved garden at the rear of the property
- The land beyond the paved garden is included within the sale
- EPC rating C
- Council tax bands B & C
Rental information
- All apartments are fully let - 3 direct and 3 via agency
- Aggregate monthly rental income: £4,675
- Aggregate annual rental income: £56,100
- Aggregate gross yield: 4.8%
- An opportunity exists to level up and raise the rental income
Location information
- The property is a 5-minute walk from the centre of Addlestone
- Addlestone railway station is only 0.6 miles from the property
- There is a bus stop a short walk away with a regular service between Kingston and Walton
- Easy access to the M25 via junction 11
Available upon request
- Breakdown of the block
- EPCs for all units
- Running costs of the block
Note
Please note that Vesta has not visited this property and that all material has been provided by the vendor.
Need more information?
REQUEST BLOCK DETAILS
Floorplans
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
About Addlestone, Surrey
Addlestone is a town in Surrey and lies around 19 miles south-west of London. Weybridge is just under 2 miles east, Chertsey lies around 2.5 miles north-west of Addlestone, and Guildford is around 12 miles south of the town.
The town is well connected by road, with the A319 linking it to Berkshire, the A320 linking it to the Thames Valley corridor, the A318 to Brooklands and the A3 linking it towards London. The M25 motorway can also be accessed by the nearby junction 11.
Addlestone railway station is on the Chertsey Branch Line, connecting London Waterloo and Guildford, and is run by South Western Railway. Direct train services to London Waterloo take between 30 to 50 minutes.
London Heathrow airport is just under 11 miles from Addlestone and can easily be reached by car via the M25 or by local bus services. Some of the attractions in and around Addlestone include Brooklands Museum, Painshill Park, Windsor Great Park, Windsor Castle, Daytona Sandown Park, Sandown Park Racecourse, Hampton Court Pallace and Chessington World of Adventures to name a few.
Addlestone’s town centre offers a variety of shops, food outlets, pubs and coffee shops. Addlestone ONE is the local retail centre which also includes a gym, hotel and cinema.
Education is provided by a range of primary and infant schools, as well as two secondary schools.
Simplemarsh Road,
Addlestone,
Surrey,
England,
KT15 1QE
What makes us different?
Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.
Benefits include:
- Buy tenanted property
- Huge choice for all budgets
- View property performance data
Important Note
All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.
Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.
In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.
Authorised and regulated by the property ombusdman
Copyright © 2022 Vesta Global Limited. All rights reserved.