London, SE21 8JF | Investment Property for Sale | VES-SE21-001

Opportunity to purchase an apartment in London generating £850 rent pa and a gross yield of 5.8%

£175,000

Apartment

VES-SE21-001

INITIAL INVESTMENT

£52,500

GROSS RENT

£10,200

GROSS YIELD

5.8%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£100

SERVICE CHARGE

£2,100

1 bedroom

1 bathroom

1 reception room

447

Unfurnished

Please note that there is an age limit (55+) for occupants, leaseholders or tenants, due to the type of asset.

Leasehold information

  • Length of lease: 125 years
  • Start of lease: 1986

Property information

  • Located on the ground floor
  • Property was refurbished in 2017, see details below
  • EPC rating B
  • Current tenant has been living at this property since 2018
  • The management company of the property employs a resident caretaker

Refurbishment information

  • Installed new bathroom
  • Installed new kitchen
  • Layed new carpet throughout
  • Completely redecorated

Tenancy

RENT

£10,200 p.a. / £850 pcm

TENANCY DEPOSIT

£1,000

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

4 months ago

TENANCY AGREEMENT ENDS

10/3/2020

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 West Dulwich, S London

West Dulwich is an area in south London in the London Borough of Lambeth and the London Borough of Southwark.

West Dulwich’s transport connections include its railway station which is on the Chatham Main Line linking London Victoria with Dover Priory / Ramsgate. At peak times trains also run to Blackfriars. The closest tube station is Brixton tube station, which can be reached via a 20-minute bus journey. Other bus routes go to Oxford Circus, Herne Hill and New Cross Gate.

The heart of West Dulwich is made up of Rosendale Road, Park Hall Road and Croxted Road, where one can find a number of high end and independent shops and cafes.

Dulwich Picture Gallery hosts changing exhibitions as well as having its own prestigious collection, whilst the South London Theatre puts on more than 20 productions per year. In Spring the Dulwich Festival takes place which includes art exhibitions, talks, nature walks, theatre, music and comedy. In nearby West Norwood the monthly held Norwood Feast takes place including market stalls selling food, crafts, plants and vintage clothes.

Three of London’s top independent schools are in Dulwich and include James Allens Girls’ School, Dulwich College and Alleyn’s, making the area perfect for families.

Cedar Close,

London,

Greater London,

England,

SE21 8JF

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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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