London, SW8 4BE | Investment Property for Sale | VES-SW8-001

Opportunity to purchase an apartment in London generating £27,600 rent pa & gross yield of 3.2%

£865,000

Apartment

VES-SW8-001

INITIAL INVESTMENT

£262,950

Based on

deposit: £216,250

stamp duty: £44,200

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£27,600

GROSS YIELD

3.2%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

SERVICE CHARGE

£3,585

2 bedrooms

2 bathrooms

1 reception room

960

Fully Furnished

Leasehold information

  • Length of lease: 999 years
  • Year lease started: 2016
  • Ground rent: TBC

Property information

  • Located on the 6th floor
  • Fully furnished
  • Open plan kitchen/reception room
  • Sunroom with views over London accessed via the kitchen
  • Main bedroom comes with ensuite bathroom and built-in wardrobe
  • There is ample storage in the hallway
  • Underfloor heating throughout
  • Mechanical ventilation system
  • Video entry system & CCTV in all communal and external areas
  • Concierge service
  • Lift access to all floors
  • Access to private residents-only gym
  • Secure cycle storage
  • The property is managed by a third party
  • EPC rating B

Location information

  • The property is located in the heart of Battersea in the Nine Elms area
  • Nine Elms is a transformative regeneration project which will encompass living, shopping, work, school and leisure
  • Battersea Park railway & Overground station and Queenstown Road railway station are a short walk away
  • Battersea Park is around a 6-minutes walk from the property

Tenancy

RENT

£27,600 p.a. / £2,300 pcm

TENANCY DEPOSIT

£0

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

0 months ago

TENANCY AGREEMENT ENDS

11/17/2021

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 Battersea, SW London

Battersea is a district in south west London, located in the London Borough of Wandsworth on the south bank of the River Thames, 2.9 miles south west of Charing Cross.

This area is serviced by Clapham Junction railway station which is the busiest station in Europe by the number of trains that use it each day with an average of more than 120 trains passing through every hour. This station funnels through many trains destined for London Waterloo and Victoria and acts as an interchange station for many, hence why it has become the busiest station in the UK. “There are a vast number of services that pass through this station including a 35 to London Waterloo and 22 to London Victoria every single hour. Southern and South Western Railway operate the majority of services to destinations within London as well as as far as Portsmouth Harbour to the south and Milton Keynes to the north. London Overground services also provide links to destinations in east London such as Highbury & Islington and Stratford on the West London Line.

Battersea is an emerging cultural hub in south west London and has seen a dramatic increase in the number of working individuals pouring in to the area due to it’s fantastic transport links and proximity to the City of London. There are several famous shopping spots in this area, including the New Covent Garden Market which is the largest wholesale fruit, vegetable and flower market in the UK and Northcote road which is a famous local shopping street with its own market and several boutiques and stores. Cultural attractions in the area include Battersea Arts Centre which is on the site of the old Town Hall and the 200-acre Battersea Park which features a zoo and the London Peace Pagoda. The iconic Battersea Power Station is currently going under a period of regeneration which will see it as a new mass entertainments and commercial complex as well as new offices for Apple and other firms as well as over 4,000 homes.

There are several job opportunities in the area including the newly opened American embassy in the neighbouring district of Nine elms and thousands of other work spaces in the surrounding areas and the City of London.

This area could be ideal for young families seeking local schooling options that are in walking distance for their children. Falconbrook Primary School is a mixed-sex educational institution that educates children up to the age of 11. Alternatively, there is Newton Preparatory School which educates children from the age 3 of 13.

Lockington Road,

London,

Greater London,

England,

SW8 4BE

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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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