London, E14 9EX | Investment Property for Sale | VES-E14-005

Opportunity to purchase an apartment in London generating £13,800 rent pa & gross yield of 4.2%

£330,000

Apartment

VES-E14-005

INITIAL INVESTMENT

£94,900

Based on

deposit: £82,500

stamp duty: £9,900

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£13,800

GROSS YIELD

4.2%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£250

SERVICE CHARGE

£2,962

1 bedroom

1 bathroom

1 reception room

464

Unfurnished

Leasehold information

  • Length of lease: 999 years
  • Year lease started: 2008

Property information

  • Located on the 9th floor
  • Open plan living/kitchen
  • Extra storage in the hallway
  • Building has an EWS1 certificate, A2 rating
  • The apartment has a satisfactory EICR (May 2021)
  • Gigabit broadband available via hyperoptic
  • Shared residents-only terrace on the 10th floor
  • 24/7 concierge
  • EPC rating C
  • Monthly rental income £1,150

Location information

  • The property is located in Blackwall, East London
  • Canary Wharf is a 10-minute walk from the property
  • A supermarket and bus stop are just around the corner from the property
  • Blackwall DLR is the closest station just 0.3 miles away

Tenancy

RENT

£13,800 p.a. / £1,150 pcm

TENANCY DEPOSIT

£1,250

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

28 months ago

TENANCY AGREEMENT ENDS

4/27/2022

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.

Preston's Road,

London,

Greater London,

England,

E14 9EX

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
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

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.

Copyright © 2021 Vesta Global Limited. All rights reserved.