London, E16 1UX | Investment Property for Sale | VES-E16-001

Opportunity to purchase an apartment in London with the potential to generate £20,400 rent pa

£575,000

Apartment

VES-E16-001

INITIAL INVESTMENT

£182,250

Based on

deposit: £143,750

stamp duty: £36,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£20,400

GROSS YIELD

3.5%

ADD TO FAVOURITES

The property

TENANCY

Vacant

TENURE

Leasehold

GROUND RENT

£450

SERVICE CHARGE

£4,790

2 bedrooms

2 bathrooms

1 reception room

912

Unfurnished

Leasehold information

  • Length of lease: 999 years
  • Year lease started: 2016

Property information

  • Located on the 14th floor
  • Open plan kitchen/living room
  • Master bedroom comes with ensuite bathroom
  • Comes with large balcony
  • Balcony is accessible via both bedrooms and kitchen/reception room
  • EPC rating B
  • Expected monthly rental income £1,700, based on previous performance

Location information

  • The property is located near Royal Victoria DLR station and Emirates Royal Docks gondola
  • The ExCel London is approximately 15 minute walk away
  • Easy access to London City airport

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 West Ham, E London

West Ham is a district in East London and part of the London Borough of Newham. It lies around 6 miles east of Charing Cross and borders Stratford, Canning Town, Poplar and Bromley-by-Bow.

The district has good transport connections to the rest of the capital, including the City, Canary Wharf, Southwark, Westminster and Shoreditch. There are two tube stations, West Ham and Stratford, both are in Travel Zone 3. West Ham tube station is on the District, Jubilee, Hammersmith & City Lines and the DLR. Stratford tube is on the Central and Jubilee Lines, DLR and London Overground. Other DLR stations in the area include Abbey Road, Pudding Mill Lane, Stratford High Street and Stratford International.

There are also a number of parks within this district, Hermit Road Recreation Ground, Star Lane Park, Memorial Recreation Ground, Plaistow Park, Stratford Park and West Ham Park. Queen Elizabeth Olympic Park is about 2 miles away offering great walking and cycling opportunities, the ArcelorMittal Orbit, London Aquatics Centre, Lee Valley Velopark and Lee Valley Hockey and Tennis Centre.

West Ham has attracted many new small businesses to the area, including independent shops and restaurants. The areas mix of locals also means that there is a multitude of culinary cuisine available. From British pub food to Caribbean to Indian to Middle Eastern and Mediterranean, there is something for everyone.

Stratford Shopping Centre, which lies just outside of West Ham district, offers a huge number of stores, restaurants, a bowling alley, and kids activities.

Tidal Basin Road,

London,

Greater London,

England,

E16 1UX

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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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