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

Opportunity to purchase an apartment in London generating £11,700 rent pa & gross yield of 2.6%

£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

£11,700

GROSS YIELD

2.6%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

1 bedroom

1 bathroom

1 reception room

527

Unfurnished

Leasehold information

  • Ground rent: tbc
  • Service charge; tbc
  • Length of lease: tbc
  • Year lease started: tbc

The vendor owns the freehold of the property which he is willing to sell subject to the other leaseholders giving up their right to buy.

Property information

  • Located on the first floor
  • EPC rating C
  • We will be able to provide more photos and a floorplan at the end of May following some repairs.

Location information

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

Note

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

Tenancy

RENT

£11,700 p.a. / £975 pcm

TENANCY DEPOSIT

£975

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

3 months ago

TENANCY AGREEMENT ENDS

2/7/2021

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.

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.

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