London, E14 7DQ | Investment Property for Sale | VES-E14-004

Opportunity to purchase an apartment in London generating £16,200 rent pa & gross yield of 3.8%

£425,000

Apartment

VES-E14-004

INITIAL INVESTMENT

£121,500

Based on

deposit: £106,250

stamp duty: £12,750

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£16,200

GROSS YIELD

3.8%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Share of Freehold

SERVICE CHARGE

£720

2 bedrooms

1 bathroom

1 reception room

721

Fully Furnished

Share of freehold information

  • Length of lease: 999 years
  • Year lease started: 2017
  • Ground rent: NIL

Property information

  • Spread over 2 floors
  • Large living/dining room
  • Double-glazed wooden sash windows
  • White wooden floors throughout
  • The entire flat was repainted in April 2021, including the flooring
  • A new boiler was installed in 2019
  • Current monthly rental income £1,350
  • Prior to the pandemic the property achieved £1,600 pcm
  • EPC rating C

Location information

  • The property is within walking distance of Mile End and Canary Wharf
  • Mile End tube station and Limehouse DLR are a 15-minute walk away
  • The south end of Mile End Park is just around the corner from the property

Note

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

Tenancy

RENT

£16,200 p.a. / £1,350 pcm

TENANCY DEPOSIT

£1,558

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

2 months ago

TENANCY AGREEMENT ENDS

4/17/2022

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 London Borough of Tower Hamlets, East London

The London Borough of Tower Hamlets is a borough north of the River Thames which covers most of the traditional East End.

To the west lies the City of London, to the north it borders the London Borough of Hackney, while the River Lea forms the boundary with the London Borough of Newham to the east.

The area comprises of 20 districts such as Bow, Canary Wharf, Limehouse, Mile End, Shadwell, Spitalfields, St Katharine’s and Whitechapel.

The LB of Tower Hamlets is well served by several train networks and has 31 public transport stations (3 mainline, 12 tube, 16 DLR) and will have 2 Elizabeth line (Crossrail) stations at Whitechapel and Canary Wharf.

Some of the historical landmarks in Tower Hamlets include Brick Lane, Fish Island, Tower of London, Tower Bridge, Columbia Road and Poplar Baths. Other noteworthy attractions include the Museum of London Docklands, V&A Museum of Childhood and Whitechapel Art Gallery.

There are several green spaces to be found such as Victoria Park, King Edward Memorial Park, Mile End Park and part of Queen Elizabeth Olympic Park.

The LB of Tower Hamlets is also home to the world or European headquarters of numerous major banks and professional services companies, located in Canary Wharf. These include Barclays, Citigroup, Clifford Chance, HSBC, J.P. Morgan, KPMG, and Thomson Reuters to name a few.

Education in the borough is provided by several schools and sixth form colleges, as well as New City College, Queen Mary University of London and London Metropolitan University.

Burdett Road,

London,

Greater London,

England,

E14 7DQ

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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.

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