London, E5 0HA | Investment Property for Sale | VES-E5-001

Opportunity to purchase an apartment in London with the potential to generate £16,800 rent pa

£450,000

Apartment

VES-E5-001

INITIAL INVESTMENT

£141,000

Based on

deposit: £112,500

stamp duty: £26,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£16,800

GROSS YIELD

3.7%

ADD TO FAVOURITES

The property

TENANCY

Vacant

TENURE

Leasehold

1 bedroom

1 bathroom

1 reception room

547

Unfurnished

Leasehold information

A new leasehold of 99 years will be created upon exchange.

Property information

  • Located on the first floor
  • The apartment has recently been fully redecorated including new carpets
  • EPC rating C

Rental information

  • The previous tenants paid £975 pcm which was low for the area
  • The vendor states that a monthly rent of £1,200 - £1,400 can be achieved
  • Gross yield based on £975 pcm is 2.6%
  • Gross yield based on £1,200 pcm is 3.2%
  • Gross yield based on £1,400 pcm is 3.7%

Location information

  • The property is within a short walk of Hackney Marshes.
  • Both Clapton and Homerton Overground stations are approximately 20 minutes walk away.

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 Hackney, East London

Hackney is a London borough in Inner London, with its administrative headquarter in Mare Street, 5 miles north-east of Charing Cross. It is considered as being in East London.

Hackney is bound by Islington to the west, Haringey to the north, Waltham Forest to the north-east, Newham to the east, Tower Hamlets to the south-east and the City of London to the south-west.

There is currently only one London Underground station in Hackney, Manor House on the Piccadilly Line in Travelcard Zone 2/3. As part of the Crossrail 2 proposal there will be an underground station at Dalston with other potential future stations at Hackney Central and Hackney Wick.

There are however three London Overground lines that serve the borough. Stations include Stamford Hill, Stoke Newington, Clapton, Dalston Kingsland, Dalston Junction, Haggerston, Hoxton, Hackney Downs, Hackney Central, Hackney Wick, Homerton and London Fields.

Hackney has many local attractions and institutions such as the National Centre of Circus Arts, Geffrye Museum, Hackney Empire, Hackney City Farm, Rio Cinema, Shoreditch Town Hall, Abney Park Cemetery, to name a few.

The green spaces within Hackney include Clissold Park, Woodberry Reservoirs, Springfield Park, Hackney Marshes, Wick Woodland, Hackney Downs, London Fields and some smaller greens. Several venues of the 2012 London Olympics also fall within Hackney’s boundaries.

Rushmore Road,

London,

Greater London,

England,

E5 0HA

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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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