Kensington, W14 0LA | Investment Property for Sale | VES-W14-001

Opportunity to puchase a tenanted flat in Kensington, London generating £16,800 in rent per annum

£455,000

Apartment

VES-W14-001

INITIAL INVESTMENT

£213,030

GROSS RENT / YIELD

£16,800 / 3.7%

NET RENT / YIELD

£12,095 / 2.7%

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£900

SERVICE CHARGE

£100

1 bedroom

1 bathroom

1 reception room

419

Fully Furnished

This apartment has been recently fully refurbished including new wooden walnut kitchen, steel security door, fitted italian cupboards and more.

There is also an option to convert the attic into separate apartments with an entrance coming from the staircase inside this apartment.

Leasehold Details

  • Length of Lease: 130 years from 25 March 2006

Tenancy

RENT

£16,800 p.a. / £1,400 pcm

TENANCY DEPOSIT

£1,470

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

0 months ago

TENANCY AGREEMENT ENDS

6/23/2019

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

£16,800

Equivalent of £1,400 per calendar month (PCM).

GROSS RENTAL YIELD

3.7%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£12,095

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

2.7%

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

FULLY MANAGED OPERATING COSTS

£4,705

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 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.

Milson Road,

London,

Greater London,

England,

W14 0LA

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