Croydon, CR0 1QR | Investment Property for Sale | VES-CR0-412

Exclusive investment opportunity to purchase a 2-bed apartment in Croydon with 3 years rent guarantee

£462,000

Apartment

VES-CR0-412

INITIAL INVESTMENT

£214,260

GROSS RENT / YIELD

£19,240 / 4.2%

NET RENT / YIELD

£14,778 / 3.2%

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Guaranteed rent

A fixed rental income, paid each and every month without all of the normal stresses involved in letting a property.

You still get rent even if the property isn’t tenanted. See property description for more details.

The property

TENANCY

Tenanted

TENURE

Leasehold

2 bedrooms

2 bathrooms

1 reception room

763

Unfurnished

About Leon House

  • Based in the heart of Croydon, the former office building has been transformed into light-filled, luxury one and two bedroom apartments.

  • Creating the perfect work-lifestyle balance with a resident’s sky garden and private dining room on the roof, as well as a double height lobby with a dedicated concierge and residents’ coworking space.

About the apartment

  • Natural light flowing in from the large, floor to ceiling windows.

  • Stylish kitchen, including a Bosch electric oven and induction hob, integrated fridge/freezer and dishwasher.

  • The bedrooms boast dedicated wardrobe and storage space for each room, two bathrooms, luxury Laufen ceramic sanitaryware and bespoke vanity units.

All-inclusive benefits

  • Concierge service on-hand to take reservations for the private dining space and meeting rooms as well as arranging your post and deliveries.

  • Private roof top dining booked via concierge featureing a dedicated cooking space, bespoke dining table, lounge and separate outside area.

  • Super fast internet connection in every apartment including the lobby and co-working spaces.

  • Roof top sky garden features large windows for viewing the city with bespoke seating and greenery, creating a relaxing social space.

  • Co-working space allows you to work from home like never before. Free WIFI and bookable meeting rooms are also available.

(Furniture pack not included)

Exclusive Price for Vesta

  • Unreleased Floors

  • 3 years rent guaranteed

  • Rental income of £370 per week with 7% + Vat Management Fee from legal completion

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.

Financials

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Rental Income

GROSS RENT PER ANNUM

£19,240

Equivalent of £1,603 per calendar month (PCM).

GROSS RENTAL YIELD

4.2%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£14,778

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.2%

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

FULLY MANAGED OPERATING COSTS

£4,462

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

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Croydon, SE London

Croydon is a large town and borough in the south of London, situated 9.5 miles south of Charing Cross.

This area is serviced by East Croydon Station which is one of the busiest non-terminal stations in London and is managed by Southern. This station offers fantastic transport routes to destinations in Sussex, Surrey and onwards to Brighton, as well as many fast train services in to the City of London and other suburban London destinations. Frequent services are run by Thameslink from Brighton via London Bridge and St Pancras International to Bedford on the London – Gatwick Airport – Brighton Line. Southern runs 10 trains per hour (tph) to London Victoria and 6 tph to London Bridge as well as several services southbound to areas in Sussex. This station also has a Tramlink service that provides routes to destinations within this southern suburban area of greater London.

Croydon is one of the largest commercial districts outside Central London, with an extensive shopping district. This has led it to become considered to be the third main central business district in Greater London. The Whitgift Centre and Centrale shopping centre are the backbone of the shopping strip with plans for a new £1bn Westfield to be built to replace it in the near future. Along the main high street and within the shopping centre one could find a wide selection of stores and boutiques including many well-known household names. This area is also plentiful in restaurants and bars and with the opening of Boxpark in recent years has added to the process of gentrification and breathing new life in to the area.

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

High Street,

Croydon,

Greater London,

England,

CR0 1QR

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
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Questions?

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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.

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.

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