Kensington, London, W14 8BA | Investment Property for Sale | VES-W14-002

Opportunity to purchase an apartment in London generating £25,200 rent pa and a gross yield of 3.9%

£650,000

Apartment

VES-W14-002

INITIAL INVESTMENT

£305,400

GROSS RENT / YIELD

£25,200 / 3.9%

NET RENT / YIELD

£19,356 / 3.0%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Share of Freehold

2 bedrooms

1 bathroom

1 reception room

541

Unfurnished

Property information

  • First floor apartment
  • Underfloor heating
  • Comes with the following appliances: washing machine, dishwasher and fridge freezer
  • Share of Freehold
  • Service charges are ad hoc
  • The tenancy agreement will roll over from June 2019, any prospective owner occupier buyer would only need to provide 2 months notice to tenants
  • EPC rating D

Location

  • close to Kensington Olympia underground (District Line)
  • walking distance to Shepherds Bush underground station (Central Line)
  • walking distance to Westfield White City and High Street Kensington
  • close to trendy cafes, restaurants and shops

Note

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

The listings particulars haven't yet been reviewed by the vendor and are therefore not final.

Tenancy

RENT

£25,200 p.a. / £2,100 pcm

TENANCY DEPOSIT

£2,970

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

14 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

VIEW FINANCIALS WITH

Personalise the financials

Edit our market average financial assumptions to see every property using your financial strategy.

Sign In or Sign Up

 to edit financials 

>

Rental Income

GROSS RENT PER ANNUM

£25,200

Equivalent of £2,100 per calendar month (PCM).

GROSS RENTAL YIELD

3.9%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£19,356

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.0%

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

FULLY MANAGED OPERATING COSTS

£5,844

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 Kensington, W London

Kensington is a district of the Royal Borough of Kensington and Chelsea in West London. This district is situated around 3 miles to the west of Charing Cross.

This area is serviced by 3 underground stations and one London Overround station. These three underground stations include High Street Kensington, Gloucester Road and South Kensington which all lie on the District & Circle lines and South Kensington and Gloucester Road both benefit from the Piccadilly line which provides links to the West End in about 10 minutes. Kensington Olympia provides London Overground services with 4 trains per hour (tph) northbound to Willesden Junction, with 2 continuing to Stratford and 4 tph southbound to Clapham Junction. In addition, from this station Southern operates an hourly service between Milton Keynes to East Croydon.

There are many notable attractions and institutions in Kensington, these include Kensington Palace, the Royal Albert Hall, the Natural History Museum, The Science Museum and many more. Kensington High Street is the commercial centre in this district and has a selection of typically upmarket retail options. The opening of the Westfield shopping centre in nearby White City has provided extensive retail and dining options for all occasions with over 400 stores and services spread across 5 floors.

Kensington is a major media sector within the city and many outlets run their operations from the large Barkers department store building. This district is home to the head office of the newspaper group DMGT, which produces the Daily Mail, Mail on Sunday, Metro and more. Alternatively, there are thousands of job opportunities in London and there are more than numerous adequate travel options to get you there from this location.

Holland Road,

London,

Greater London,

England,

W14 8BA

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 © 2019 Vesta Global Limited. All rights reserved.