London, SE19 3DX | Investment Property for Sale | VES-SE19-001

Opportunity to purchase a maisonette in London generating £13,800 rent pa & gross yield of 4.1%

£335,000

Maisonette

VES-SE19-001

INITIAL INVESTMENT

£103,050

Based on

deposit: £83,750

stamp duty: £16,800

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£13,800

GROSS YIELD

4.1%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£10

SERVICE CHARGE

£1,435

2 bedrooms

1 bathroom

1 reception room

831

Unfurnished

Leasehold information

  • Length of lease: 125 years
  • Year lease started: 1999

Property information

  • Spread over 2 floors
  • The property underwent some works in the last few years, see details below
  • Large living room with access to the garden
  • Rear garden with patio area as well as lawn
  • Plenty of built-in storage throughout the property
  • Reserved underground parking space rented from the freeholder for £10.93 pcm
  • EPC rating C
  • Monthly rental income £1,150

Renovation works

  • A new Worcester Bosch boiler was installed in December 2020
  • New windows were installed in 2015/2016
  • A new roof was installed in 2013/2014

Location information

  • The property is located in the Upper Norwood area of Croydon in South London
  • Crystal Palace railway station can be reached by bus in approximately 10 minutes
  • There is a bus stop a few minutes walk from the property
  • Upper Norwood Recreation Ground and Westow Park are around 10 minutes walk from the property

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 Croydon, SE London

Croydon is a large town and borough in the south of London, situated 9.5 miles south of Charing Cross.

This area is serviced by East Croydon Station which is one of the busiest non-terminal stations in London and is managed by Southern. This station offers fantastic transport routes to destinations in Sussex, Surrey and onwards to Brighton, as well as many fast train services in to the City of London and other suburban London destinations. Frequent services are run by Thameslink from Brighton via London Bridge and St Pancras International to Bedford on the London – Gatwick Airport – Brighton Line. Southern runs 10 trains per hour (tph) to London Victoria and 6 tph to London Bridge as well as several services southbound to areas in Sussex. This station also has a Tramlink service that provides routes to destinations within this southern suburban area of greater London.

Croydon is one of the largest commercial districts outside Central London, with an extensive shopping district. This has led it to become considered to be the third main central business district in Greater London. The Whitgift Centre and Centrale shopping centre are the backbone of the shopping strip with plans for a new £1bn Westfield to be built to replace it in the near future. Along the main high street and within the shopping centre one could find a wide selection of stores and boutiques including many well-known household names. This area is also plentiful in restaurants and bars and with the opening of Boxpark in recent years has added to the process of gentrification and breathing new life in to the area.

In the City of London and surrounding areas there are thousands of job opportunities and there are numerous adequate travel options to get you there.

Menlo Gardens,

London,

Greater London,

England,

SE19 3DX

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Important Note

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