stamp duty: £23,000
mortgage fees: £1,500
conveyancing fees: £1,000
Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.
Share of Freehold
1 reception room
£27,000 p.a. / £2,250 pcm
TENANCY AGREEMENT STARTED
over 10 years ago
TENANCY AGREEMENT ENDS
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.
Tooting is a district in South London and mainly located in the London Borough of Wandsworth and partially in the London Borough of Merton. It is about 5 miles south-west of Charing Cross.
Tooting is on the Northern line of the London Underground and has two stations, Tooting Bec and Tooting Broadway. Tooting railway station is on the Sutton Loop Line and runs Thameslink services. It goes south to Sutton via Wimbledon and north to Farringdon, Kings Cross St Pancras and Luton. All three stations are in Travelcard Zone 3. There are several bus routes which go through Tooting linking it to Central London, Croydon, Sutton and Kingston.
The area is great for foodies with a growing number of gastropubs offering the best in modern dining, as well as numerous south Asian restaurants. Tooting Market also has several eateries as well as shops selling vintage clothes, furniture and African art. Broadway Market is one of London’s largest indoor markets offering a variety of food stalls, fresh produce, clothes, homewares and more. Both markets are open on weekdays, with Saturday’s being the busiest day.
Tooting boasts two commons, Tooting Bec Common and Tooting Graveney Common. Both are recognised as a Site of Metropolitan importance for Greater London as they include several rare wildlife habitats. Tooting Bec lido is located here, a grade II-listed art deco swimming pool and England’s largest freshwater swimming pool.
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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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