London, E16 2GS | Investment Property for Sale | VES-E16-002

Opportunity to purchase an apartment in London generating £18,600 gross rent pa & gross yield of 4.7%

£400,000

Apartment

VES-E16-002

INITIAL INVESTMENT

£124,500

Based on

deposit: £100,000

stamp duty: £22,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£18,600

GROSS YIELD

4.7%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£300

SERVICE CHARGE

£1,300

1 bedroom

1 bathroom

1 reception room

555

Unfurnished

Leasehold information

  • Length of lease: 125 years
  • Year lease started: 2015
  • Years left on lease: 118 years (from 2022)
  • Ground rent review period: tbc
  • Service charge review period: tbc

Property information

  • Located on the 4th floor
  • Open-plan kitchen/living room
  • Bedroom with built-in wardrobe
  • Extra storage in the hallway
  • Private balcony, accessed via the living room
  • Picturesque waterside views from main bedroom
  • EWS1 certificate status: B2 rating, developer has provided written commitment for any and all works required
  • EPC rating B
  • Council tax band C
  • Monthly rental income £1,550

Location information

  • The property is located in the highly sought-after Royal Docks area of the London Borough of Newham
  • The DLR stop Pontoon Dock is a short walk from the property
  • Thames Barrier Park is located behind the apartment block
  • London City Airport is 0.8 miles from the property, 1 tube stop away
  • Canary Wharf is 2.25 miles from the property
  • Local amenities are only a short walk away

Notes

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

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 Newham, East London

The London Borough of Newham is situated in the East London part of Inner London and has the third highest population of London boroughs. It lies around 5 miles east of the City of London and north of the River Thames. The Woolwich Ferry and Woolwich foot tunnel provide the only crossings to the south.

The LB of Newham is made up of 24 districts of which the major districts include: East Ham, West Ham, Stratford, Plaistow, Forest Gate, Beckton and Canning Town.

LB of Newham is very well connected via public transport. There are 18 DLR stations, 6 London Underground stations (Jubilee line, District and Hammersmith & City lines, Central line), 5 stations on the Elizabeth line, 3 London Overground stations, 2 c2c stations and 1 railway station.

The London Cable Car can also be found crossing the River Thames between Greenwich Peninsula and Royal Docks. London City Airport, Stratford International Station and the Dutchflyer rail-sea services via Stratford station to the Netherlands provide international travel services.

Newham was one of the six host boroughs for the 2012 Summer Olympics and large parts of the Olympic Park including the London Stadium are located within the borough. West Ham United FC calls the London Stadium its home whilst a few non-league football clubs play in the surrounding areas. The Newham and Essex Beagles Athletics Club has its headquarters in the Queen Elizabeth Olympic Park and the London Regatta Centre can be found in Beckton.

There are several shopping opportunities such as Queen’s Market near Upton Park station, Gallions Reach Shopping Park in Beckton, East Shopping Centre in Green Street, Stratford Centre and Westfield Shopping Centre in Stratford. The ICC London ExCel is an international conference centre and can easily be reached via Custom House DLR and the Elizabeth Line.

Education in Newham is provided by a large number of state primary and secondary schools. It also has a number of special and alternative schools as well as independent schools. The University of East London has two campuses in Newham, the Stratford Campus in Stratford and the Docklands Campus next to Royal Albert Dock. Birkbeck Stratford, a collaboration of the University of Birkbeck London and UEL, has a campus in the centre of Stratford.

Bramwell Way,

London,

Greater London,

England,

E16 2GS

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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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