London, N1 5RR | Investment Property for Sale | VES-N1-931

Opportunity to buy a 4-bed tenanted property generating £32,760 pa and a yield of 5.9% in London

£560,000

Apartment

VES-N1-931

INITIAL INVESTMENT

£264,060

GROSS RENT / YIELD

£32,760 / 5.9%

NET RENT / YIELD

£24,496 / 4.4%

The property

TENANCY

Tenanted

TENURE

Leasehold

SERVICE CHARGE

£1,514

4 bedrooms

1 bathroom

1 reception room

824

Fully Furnished

Additional Details

  • Length of lease: 999 years from June 1979
  • Ground rent: N/A

Tenancy

RENT

£32,760 p.a. / £2,730 pcm

TENANCY DEPOSIT

£3,780

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

7 months ago

TENANCY AGREEMENT ENDS

7/19/2019

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

Rental Income

GROSS RENT PER ANNUM

£32,760

Equivalent of £2,730 per calendar month (PCM).

GROSS RENTAL YIELD

5.9%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£24,496

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

4.4%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£8,264

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

About Haggerston, N London

Haggerston is an area in the north of Greater London, in the borough of Hackney, it lies 3.3 miles north-east of Charing Cross.

London is famous for its fantastic transport routes and the location of this property is no exception. The closest station to this property is Haggerston Station, which provides Overground services to several destinations. From this station there are four separate service that run four trains per hour to New Cross, Clapham Junction, Crystal Palace and West Croydon. Fortunately, if one was looking for Underground options, Old Street Station is less than a 20-minute walk away from this property, which runs on the northern line and is just three stops away from London Bridge.

Haggerston is considered part of London’s East End and this area has seen extensive regeneration over the last few decades. The East End has become one of the trendiest areas to live in London, with an abundance of commercial and public art galleries appearing through the area in recent years, over 80 licensed bars in just the Shoreditch area alone and a huge influx of young working individuals eager to live in this electrifying part of town.

Whitmore Estate,

London,

Greater London,

England,

N1 5RR

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