Dagenham, RM10 9JD | Investment Property for Sale | VES-RM10-001

Opportunity to purchase a 3-unit block in Dagenham generating £36,000 rent pa & gross yield of 5.9%

£615,000

3-unit Block

VES-RM10-001

INITIAL INVESTMENT

£181,500

Based on

deposit: £153,750

stamp duty: £23,250

mortgage fees: £1,500

conveyancing fees: £3,000

GROSS RENT

£36,000

GROSS YIELD

5.9%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

3

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

2,131

PRICE SQ FT

£289

Block information

  • Block comprising of:
    • 1 x 2-bed apartment
    • 1 x 3-bed apartment
    • 1 x commercial unit
  • Spread over three floors (ground to second floor)
  • All units in the block were fully replumbed, rewired, redecorated, etc.in 2018
  • New kitchens and bathrooms were also installed in 2018
  • The ground floor flat comes with its own rear garden
  • The split level first/second floor apartment has its own private roof terrace
  • EPC ratings C & D
  • Council tax bands A & B
  • The block is managed by a third party

Rental information

  • Aggregate rental income pcm: £3,000
  • Aggregate rental income pa: £36,000
  • Aggregate gross yield: 5.9%

Location information

  • The property is located on Broad Street with a number of local amenities on the doorstep
  • Dagenham Heathway underground station is 0.6 miles north of the property
  • Dagenham Dock railway station is 0.7 miles south of the property
  • Old Dagenham Park can be reached in under 10 minutes on foot

Available upon request

  • Breakdown of the block
  • EPCs for all units
  • Video walkthrough

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 Dagenham, East London

Dagenham is a town in the London Borough of Barking & Dagenham in East London. It lies around 11.5 miles east of Charing Cross.

Dagenham is well connected via public transport with 3 London Underground stations, all on the District Line, Dagenham Heathway, Dagenham East and Becontree. Dagenham Dock is the local railway stations which is on the London, Tilbury and Southend line. Trains services run between London Fenchurch Street and Grays. There are also a number of bus routes through Dagenham connecting it to other parts of London.

There are a number of open air spaces nearby such as Parsloes Park, Beam Parklands Country park and Eastbrookend Country Park which includes The Chase Nature Reserve.

Valence House is the London Borough of Barking & Dagenham’s local history museum and sits within its own parkland. The Roundhouse, a pub and music venue, was East London’s premier rock music venue in the 70s and bands such as Queen, Pink Floyd, Eric Clapton and Led Zeppelin used to perform here.

There are 3 shopping centres in Dagenham offering a wide variety of retailers, they are Heathway Shopping, Merrielands Retail Park and East Thames Plaza. The local high street is centred around Dagenham Heathway railway station and alongside local convenience stores there are hair & beauty salons, an electronic retailer, local bank branches, a butcher, charity shops and Dagenham Library.

Broad Street,

Dagenham,

Greater London,

England,

RM10 9JD

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.

Vesta Property is a full member of the Property Ombudsman (TPO) and commits to TPO Codes of Practice

Chartered Trading Standards Institute - Approved Code

Authorised and regulated by the property ombusdman

Copyright © 2022 Vesta Global Limited. All rights reserved.