London, SW16 6BN | Investment Property for Sale | VES-SW16-004

Opportunity to purchase an apartment in London generating £18,600 rent pa and a gross yield of 3.7%

£500,000

Apartment

VES-SW16-004

INITIAL INVESTMENT

£232,500

GROSS RENT / YIELD

£18,000 / 3.6%

NET RENT / YIELD

£13,825 / 2.8%

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The property

TENANCY

Tenanted

TENURE

Share of Freehold

2 bedrooms

2 bathrooms

1 reception room

968

Unfurnished

Leasehold information

  • Length of lease: 99 years
  • Year lease started: 2001
  • Service charge: TBC

Property information

  • Split over 2 floors
  • Open plan kitchen/reception
  • Bi-fold doors in the reception lead to private terrace
  • Master bedroom comes with ensuite
  • EPC rating E

Tenancy

RENT

£18,000 p.a. / £1,500 pcm

TENANCY DEPOSIT

£1,731

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

2 months ago

TENANCY AGREEMENT ENDS

11/11/2021

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.

Financials

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Rental Income

GROSS RENT PER ANNUM

£18,000

Equivalent of £1,500 per calendar month (PCM).

GROSS RENTAL YIELD

3.6%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£13,825

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

2.8%

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

FULLY MANAGED OPERATING COSTS

£4,175

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

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Streatham, LB of Lambeth

Streatham is district in south London, with most of it located in the London Borough of Lambeth and some parts in LB of Wandsworth and LB of Croydon. It lies around 5 miles south of Charing Cross and is identified in the London Plan as one of 35 major centres in Greater London.

Streatham is well connected for drivers as the A23 goes through Streatham connecting it with Brighton as well as Gatwick airport. There is no London Underground station in Streatham, the nearest tube stations are Tooting Broadway and Tooting Bec. However, Streatham Hill train station runs regular trains to Victoria Station via Balham, Wandsworth Common, Clapham Junction and Battersea Park. Another route calls at West Norwood, Gipsy Hill and Crystal Palace, whilst some trains continue to Sutton. Streatham’s other railway station, which is located on Streatham High Road, runs Southern train services between London Bridge and West Croydon and Thameslink services north to St Albans via London Blackfriars and St Pancras, and south to Wimbledon and Sutton. Both stations are located in travel zone 3. There are also numerous bus routes going through the area with destinations such as Liverpool Street, Westminster, Oxford Circus and Marble Arch.

In 2011 Streatham was awarded £300,000 from Round One of The Mayor’s Outer London Fund and a further £1.6m from Round Two, which was matched by £1m from Lambeth. The money has helped reopen Tudor Hall building behind Streatham library, providing a new performance space in the area, it helped refurbish Tate Library, provided financial support for the annual Streatham Festival, enabled improved public spaces, provide make-overs to building frontages as well as support local businesses.

In 2013 a new £26m ice rink and leisure centre complex opened to the public. This is part of a wider project which will also include 250 new homes, a new bus interchange, a new Tesco Extra, underground parking as well as public areas. The project is jointly funded by Lambeth Council and Tesco and will have provided almost 1,000 jobs.

Streatham High Street offers many independent and well-known high street shops as well as numerous restaurants and bars to explore. For anyone looking for nature Streatham Common is the perfect place. It is a large open space perfect for walking or summer picnics. There is an annual kite festival and the lawns of The Rookery, a formal garden, are used as an open-air cinema in the summer months.

Westcote Road,

London,

Greater London,

England,

SW16 6BN

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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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