London, E13 0EE | Investment Property for Sale | VES-E13-001

Opportunity to purchase an apartment in London generating £12,600 rent pa & gross yield of 4.8%

£265,000

Apartment

VES-E13-001

INITIAL INVESTMENT

£76,700

Based on

deposit: £66,250

stamp duty: £7,950

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£12,600

GROSS YIELD

4.8%

ADD TO FAVOURITES

Long-term tenant

Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.

Benefits include:

  • Steady income
  • Minimised wear and tear
  • Fewer void periods

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£10

SERVICE CHARGE

£550

1 bedroom

1 bathroom

1 reception room

466

Unfurnished

Leasehold information

  • Length of lease: 125 years
  • Year lease started: 2002

Property information

  • Located on the second floor
  • Bedroom leading out onto a small balcony
  • A new bathroom was installed 4/5 years ago
  • A new kitchen was installed 2 years ago as well as double glazing
  • A new Vaillant boiler was installed around 6 months ago
  • Monthly rental income £1,050
  • The tenant has been living at the property since 2019
  • EPC rating E

Location information

  • The property is ideally located for local convenience stores
  • Plaistow tube station can be reached within a 15-minute walk
  • Plaistow Park is a short walk from the property

Tenancy

RENT

£12,600 p.a. / £1,050 pcm

TENANCY DEPOSIT

£1,212

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

10 months ago

TENANCY AGREEMENT ENDS

8/13/2021

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 Plaistow, LB of Newham

Plaistow is a district in the London Borough of Newham in East London and lies around 8 miles east of Charing Cross.

The A124 goes through Plaistow and connects to the North Circular Road east of East Ham. There are two tube stations in the district, Plaistow and Upton Park, which are both in Travelcard Zone 3 and are served by the District and Hammersmith & City lines. Outside of the district West Ham station is only a little under one mile from Plaistow High Street in fare zones 2 & 3 and is served by the Jubilee line as well as the Docklands Light Railway, which links it to Stratford International, London City Airport, London Bridge and Waterloo. There are several bus routes going through Plaistow connecting it with the rest of London, as well as Cycle Superhighway 2 and 3. Both routes are non-stop and mainly traffic free.

Places nearby Plaistow are Canning Town, Custom House, East Ham, Forest Gate, Stratford, Upton Park and West Ham.

Most of Plaistow consists of houses and apartment blocks, aside from a small number of convenience stores, post offices and takeaway restaurants. Larger shopping areas and restaurants can be found within walking distance in Stratford, West Ham and Green Street.

Notable greenspaces include Plaistow Park and Memorial Park, as well as a number of smaller parks. West Ham park is around 1 mile north of Plaistow.

Grange Road,

London,

Greater London,

England,

E13 0EE

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
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Questions?

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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.

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