Bromley, BR1 3TS | Investment Property for Sale | VES-BR1-001

Opportunity to purchase an apartment in Bromley generating £15,900 rent pa & gross yield of 4.2%

£375,000

Apartment

VES-BR1-001

INITIAL INVESTMENT

£107,500

Based on

deposit: £93,750

stamp duty: £11,250

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£15,900

GROSS YIELD

4.2%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£230

SERVICE CHARGE

£700

2 bedrooms

1 bathroom

1 reception room

940

Unfurnished

Leasehold information

  • Length of lease: 99 years
  • Year lease started: 2010

Property information

  • Located on the ground floor, unusually there are no other flats above it
  • Large lounge with access to a private patio and residents garden
  • The property underwent refurbishment works in recent years, see details below
  • Two garages come with the property
  • EPC rating D
  • Monthly rental income £1,325

Refurbishment information

  • In 2013 the bathroom and WC were refurbished including installation of underfloor heating
  • In late 2016 the remainder of the flat was refurbished, including:
    • Replacement of some windows
    • Installation of a new kitchen including new cooking and refrigeration appliances
    • New carpets laid in the bedrooms
    • Quick-step LIVYN flooring installed in the remainder of the apartment
    • Both boiler and water cylinder were replaced
    • The entire flat was redecorated

Location information

  • The apartment is less than 1-mile walk from Bromley city centre
  • Ravensbourne train station, as well as Shortlands and Bromley North, are each approximately a 20-minute walk away
  • Nearby parks include Shaftesbury Park, Beckenham Place Park and Sundridge

Tenancy

RENT

£15,900 p.a. / £1,325 pcm

TENANCY DEPOSIT

£1,529

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

1 months ago

TENANCY AGREEMENT ENDS

3/26/2022

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 Bromley, SE London

Bromley is a suburban town of the London borough on Bromley, in the southeast of Greater London, it is situated 9.3 miles southeast of Charing Cross.

The Bromley area is served by two rail stations, the primary station being Bromley South that resides in the town centre and Bromley North. Bromley South’s services are mainly operated by Southeastern and one line is run by Thameslink. Typical off-peak services from Bromley South offer 4 trains per hour (tph) non-stop to London Victoria, 4 tph to London Victoria via Herne Hill, 4 tph to Orpington and 2 tph to West Hampstead via Catford as well as other destinations.

Bromley town centre was one of the major metropolitan centres identified in the London Plan, it is home to a large retail area, that includes a pedestrianised High Street and the main shopping mall The Glades. The Glades is filled with various familiar high street brands and in the surrounding areas there’s a wide selection of restaurants, bars and pubs.

Oaklands Road,

Bromley,

Greater London,

England,

BR1 3TS

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
Learn more >

Questions?

Our sales team is standing by to help.

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.

Copyright © 2021 Vesta Global Limited. All rights reserved.