Kidbrooke, SE London, SE9 6AY | Investment Property for Sale | VES-SE9-001

3 Bedroom 1st floor flat earning £21,000 pa in Kidbrooke, SE London

£575,000

Apartment

VES-SE9-001

INITIAL INVESTMENT

£271,350

GROSS RENT / YIELD

£21,000 / 3.7%

NET RENT / YIELD

£16,494 / 2.9%

The property

TENANCY

Tenanted

TENURE

Leasehold

3 bedrooms

2 bathrooms

1 reception room

1,184

Unfurnished

Additional Details

  • Length of lease: 999 years starting August 2015
  • Service charge: TBC
  • Ground rent: TBC

Tenancy

RENT

£21,000 p.a. / £1,750 pcm

TENANCY DEPOSIT

£2,423

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

9 months ago

TENANCY AGREEMENT ENDS

7/29/2019

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

£21,000

Equivalent of £1,750 per calendar month (PCM).

GROSS RENTAL YIELD

3.7%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£16,494

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

2.9%

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

FULLY MANAGED OPERATING COSTS

£4,506

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 Kidbrooke, Greenwich, SE London

Kidbrooke is an area in south east London in the Royal Borough of Greenwich. It is located north west of Eltham and 7.5 miles east-southeast of Charing Cross.

London is famous for it’s fantastic transport routes and the location of this property is no exception. This property is situated less than a 20-minute walk away from Kidbrooke and Eltham railway stations. Eltham is the following station after Kidbrooke and so both run the same services. There are regular services in to the center of town, with two trains per hour to London Charing Cross, Cannon Street and Victoria. Alternatively, there are several bus routes that run throughout the area and the closest bus stop is conveniently positioned a short 5-minute walk at the end of the road. This property has the A2 and South Circular on each side of it, which provides rapid access to London and the M25.

This property is fortunately in the Royal Borough of Greenwich and so one can enjoy all the cultural attractions that Greenwich has to offer; such as the Royal Observatory Greenwich, the National Maritime Museum, Greenwich Picturehouse and many more. All of one’s retail requirements could also be managed in the local Greenwich area, but on the other hand a short trip over the river shall drop you in the center of town where the world is truly your oyster.

As this location is based in the capital there are thousands of job opportunities in the local area and throughout the center of the city, where there are more than numerous adequate travel options to get you there.

This location has quite a few schooling options for all levels of education, if needed by a young family. There is Ealdham Primary School just a short 5minute walk away and Haimo Primary School and Harris Academy Greenwich. London is also home to more than a few universities and this home could be perfect for those that attend Greenwich University which is in very close vicinity.

Dowding Drive,

London,

Greater London,

England,

SE9 6AY

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