Bromley, BR2 0LR | Investment Property for Sale | VES-BR2-001

Opportunity to purchase an apartment in Bromley generating £12,000 rent pa and a gross yield of 4.2%

£285,000

Apartment

VES-BR2-001

INITIAL INVESTMENT

£86,550

Based on

deposit: £71,250

stamp duty: £12,800

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£12,000

GROSS YIELD

4.2%

ADD TO FAVOURITES

Long-term tenant

Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.

Benefits include:

  • Steady income
  • Minimised wear and tear
  • Fewer void periods

The property

TENANCY

Tenanted

TENURE

Leasehold

SERVICE CHARGE

£912

1 bedroom

1 bathroom

1 reception room

441

Unfurnished

Leasehold information

  • Length of lease: 168 years
  • Year lease started: 1999
  • Ground rent: peppercorn

Property information

  • French doors in the lounge lead to a balcony
  • Bedroom comes with fitted wardrobes
  • Long-term tenants since 2013
  • Property is currently managed by the vendor
  • EPC rating C
  • There is an allocated off-road parking space
  • Shortlands railway station is an approximately 10-minute walk with fast links into central London
  • Monthly rental income £1,000

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Tenancy

RENT

£12,000 p.a. / £1,000 pcm

TENANCY DEPOSIT

£1,239

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

15 months ago

TENANCY AGREEMENT ENDS

10/30/2020

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.

Shortlands Grove,

Bromley,

Greater London,

England,

BR2 0LR

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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.

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