London, SE23 1DZ | Investment Property for Sale | VES-SE23-001

Opportunity to purchase an apartment in London generating £18,000 rent pa & gross yield of 4%

£450,000

Apartment

VES-SE23-001

INITIAL INVESTMENT

£128,500

Based on

deposit: £112,500

stamp duty: £13,500

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£18,000

GROSS YIELD

4.0%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Share of Freehold

2 bedrooms

2 bathrooms

1 reception room

767

Partially Furnished

Property information

  • Spread over 2.5 floors
  • Main bedroom comes with ensuite shower room
  • Property comes part furnished
  • The apartment was fully repainted 2 years ago
  • The loft (second floor) was converted around 10 years ago
  • There is free parking in neighbouring Lessing Street and Wyleu Street
  • EPC rating C

Location information

  • The property is in the Honor Oak Park area of the LB of Lewisham
  • Honor Oak Park Overground and railway station is less than a 5-minute walk away
  • Direct Overground trains to Shoreditch take 25 minutes
  • There are several green spaces near the property such as Honor Oak Playground, Honor Oak Park & Blythe Hill Fields

Note

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

Tenancy

RENT

£18,000 p.a. / £1,500 pcm

TENANCY DEPOSIT

£1,500

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

5 months ago

TENANCY AGREEMENT ENDS

7/31/2021

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 Lewisham, SE London

Lewisham is an area of south east London includes Deptford, Catford, New Cross, Blackheath and Forest Hill.

Lewisham is located 5.9 miles (9.5 km) south of Charing Cross. The area is identified in the London Plan as one of 35 major centres in Greater London and plans to create a metropolitan centre to rival nearby Bromley and Croydon. Lewisham is undergoing a period of significant regeneration, creating new high quality business space and environments.

Lewisham is the fourth largest inner London Borough with a population of 282,000 and a working age population of 197,000. The economy of Lewisham has developed through the wider London economy and over 100,000 commute out of the borough every day into the city.

Lewisham is an affordable place to live, with quality amenities and good transport links. Lewisham’s workers are highly skilled, with almost four in ten adults educated to degree level and a high percentage working in knowledge industries. A large number of residents are self-employed or run micro business that provide services to central London.

The area is a major local transport hub, lying on the A20 road towards Dover and at the start of A21 to Hastings, with its own large bus station, railway station and the southern terminus of the Docklands Light Railway. London Underground lines run into the north of the borough at New Cross station and New Cross Gate station as part of the East London Line. Lewisham is served by Catford and Catford Bridge railway stations.

The average property price is £481,226 (18% below the London average of £591,258). The average sold price has increased 4.03% over the last year. New research looking at the highest levels of tenant demand found that Lewisham was the only inner borough in London to make the top ten with rental demand at 33% (VeriSmart, 2019).

The vision for the borough is that in ten years’ time Lewisham will be one of the fastest growing parts of the London economy making it an exciting time for the borough.

Honor Oak Park,

London,

Greater London,

England,

SE23 1DZ

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

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.

Copyright © 2021 Vesta Global Limited. All rights reserved.