London, SW8 4DG | Investment Property for Sale | VES-SW8-004

Opportunity to purchase an apartment in London generating £17,424 rent pa & gross yield of 4.1%

£425,000

Apartment

VES-SW8-004

INITIAL INVESTMENT

£121,500

Based on

deposit: £106,250

stamp duty: £12,750

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£17,424

GROSS YIELD

4.1%

ADD TO FAVOURITES

Long-term tenant

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.

Benefits include:

  • Steady income
  • Minimised wear and tear
  • Fewer void periods

The property

TENANCY

Tenanted

TENURE

Leasehold

SERVICE CHARGE

£2,300

1 bedroom

1 bathroom

1 reception room

506

Fully Furnished

Leasehold information

  • Length of lease: 125 years
  • Year lease started: 2008
  • Service charge: £2,300 - this includes ground rent, as well as heating and hot water
  • Car park service charge: £110

Location information

  • The property is in the heart of Nine Elms directly opposite the Battersea Power Station and the riverside walk along the Thames.
  • The iconic Battersea Power Station is currently going under a period of regeneration which will see it as a new mass entertainment and commercial complex and new offices for Apple and other firms.
  • The property is directly opposite the Battersea Power Station underground station (opening autumn 2021), Battersea Park railway and Overground station can also be reached in less than 10 minutes.
  • Battersea Park is approximately a 15-minutes walk away.

Property information

  • Located on the second floor
  • Open plan kitchen/living room
  • Balcony facing into the courtyard
  • Bedroom and reception room leading onto the balcony
  • Storage space in the hallway
  • Comes with secure underground parking space
  • The apartment underwent some refurbishment works, see below for details
  • The building comes with a 24-hour concierge
  • EPC rating B

Refurbishment information

  • Bedroom carpet has recently been replaced
  • Wooden flooring was installed in the majority of the apartment
  • Floor tiles in the bathroom and kitchen were replaced
  • New bathroom was installed

Rental information

  • Monthly rental income £1,452
  • AST is usually renewed on an annual basis but is currently on a rolling basis
  • Tenants have been in situ since 2016 and would like to renew their tenancy agreement

Tenancy

RENT

£17,424 p.a. / £1,452 pcm

TENANCY DEPOSIT

£1,990

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

over 4 years ago

TENANCY AGREEMENT ENDS

Periodic

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.

Battersea Park Road,

London,

Greater London,

England,

SW8 4DG

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.