London, E1 2QN | Investment Property for Sale | VES-E1-016

Opportunity to purchase an apartment in Shadwell generating £35,400 net rent pa & net yield of 7.3%

£485,000

Apartment

VES-E1-016

INITIAL INVESTMENT

£152,550

Based on

deposit: £121,250

stamp duty: £28,800

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£35,400

GROSS YIELD

7.3%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£10

SERVICE CHARGE

£2,500

4 bedrooms

1 bathroom

1 reception room

966

Unfurnished

Leasehold information

  • Length of lease: 125 years
  • Year lease started: 1986
  • Years left on lease: 89 years (from 2022)
  • Service charge review period: tbc
  • Ground rent review period: tbc

Property information

  • Located on the fourth floor (top floor)
  • Open plan kitchen/reception room
  • 4 good-sized bedrooms
  • One bedroom has dual aspect windows
  • Access to the balcony via two of the bedrooms
  • No EWS1 certificate required as building is below 6 storeys
  • EPC rating: D
  • Council tax band C
  • Monthly rental income £2,950
  • A local estate agent estimates that a monthly rent of £3,300 - £3,400 could be achieved

Location information

  • The property is located in Shadwell, East London
  • Shadwell Overground station is next to the apartment block
  • Shadwell DLR station is a short walk away
  • There are a number of local amenities nearby

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 Shadwell, E London

Shadwell is a district of East London, in the London Borough of Tower Hamlets. It is situated on the north bank of the River Thames between Whitechapel and Wapping, around 3 miles east of Charing Cross.

Shadwell railway station is a London Overground station on the East London Line that is managed by Arriva Rail London. Services on this line run on average every 3-5 minutes. Off-peak services offer 8 trains per hour (tph) eastbound to Highbury & Islington and a further 8 to Dalston Junction to the east. Westbound services operate 4 tph to West Croydon, 4 tph to Crystal Palace, 4 tph to New Cross and 4 tph to Clapham junction via Peckham Rye. In addition, there is also Shadwell DLR station which offers Docklands Light Railway services towards Lewisham, Stratford, Bank and Woolwich Arsenal.

Shadwell is considered part of London’s East End and this area has seen extensive regeneration over the last few decades. The East End has become one of the trendiest areas to live in London, with an abundance of commercial and public art galleries erecting through the area in recent years, over 80 licensed bars in just the Shoreditch area alone and a huge influx of young working individuals eager to live in this electrifying part of town.

As this home is based in the capital there are thousands of job opportunities in the local area and throughout the centre of the city, where there are numerous travel options to get you there.

This property could be ideal for a young family looking for local education options within walking distance. For those looking for secondary school education for their children there is Bishop Challoner Catholic Collegiate School which educates children from the ages of 11 to 18. Additionally, for those looking for schooling options for their younger children there is Blue Gate Fields and Bigland Green Primary School.

Cornwall Street,

London,

Greater London,

England,

E1 2QN

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