Camberwell, SE5 9LB | Investment Property for Sale | VES-SE5-156

Fully tenanted apartment in Camberwell, generating £35,520 in rent pa and a gross yield of 5.6%

£640,000

Apartment

VES-SE5-156

INITIAL INVESTMENT

£302,940

GROSS RENT / YIELD

£35,520 / 5.6%

NET RENT / YIELD

£26,844 / 4.2%

The property

TENANCY

Tenanted

TENURE

Share of Freehold

SERVICE CHARGE

£1,400

4 bedrooms

2 bathrooms

1 reception room

1,277

Fully Furnished

Tenure - Share of Freehold

Leasehold Details

  • Insurance: £750
  • Ground Rent: £0

Tenancy

RENT

£35,520 p.a. / £2,960 pcm

TENANCY DEPOSIT

£4,000

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

12 months ago

TENANCY AGREEMENT ENDS

Periodic

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

Rental Income

GROSS RENT PER ANNUM

£35,520

Equivalent of £2,960 per calendar month (PCM).

GROSS RENTAL YIELD

5.6%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£26,844

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

4.2%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£8,676

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

About Camberwell, SE London

Camberwell is a district of south London in the London Borough of Southwark. It is situated just 2.7 miles southeast of Charing cross.

This area is serviced by Denmark Hill railway station which is managed by Thameslink and also operates services by Southeastern and London Overground. London Overground operates 4 trains per hour (tph) to Clapham junction and 4 tph in the other direction to Dalston Junction via Surrey Quays. Southeastern runs 3 tph northbound from this station to London Victoria, making for great links to the City of London. Southeastern also runs 2 tph southbound to Gravesend via Lewisham and 1 tph Dover Priory via Bromley South. Thameslink operates 2 tph northbound via Elephant and Castle, one of which terminates at Kentish Town and the other Blackfriars. Southbound services by Thameslink via Catford Loop go to Orpington and Gravesend.

Camberwell is home to several art galleries such as Camberwell College of Arts, the South London Gallery alongside other smaller commercial spaces Camberwell also holds the Camberwell Art Festival ever year. This area of South London is rich in culture and so in recent years has become a trendy location for university students and young working individuals. As this property is in the capital all of one’s retail and dining requirements are only a short trip away via train to City of London.

In the City of London and surrounding areas there are thousands of job opportunities and there are more than numerous adequate travel options to get you there.

This property could be perfect for a young family looking for schooling options in walking distance for their children. The closest primary school to this location is Crawford Primary school which educates children up to the age of 11. The closest secondary school in this are is Sacred Heart Catholic School which is a mixed school and even includes a sixth form.

Denmark Road,

London,

Greater London,

England,

SE5 9LB

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