London, W3 8PN | Investment Property for Sale | VES-W3-003

Opportunity to purchase an apartment in London generating £15,600 rent pa & gross yield of 4.1%

£385,000

Apartment

VES-W3-003

INITIAL INVESTMENT

£119,550

Based on

deposit: £96,250

stamp duty: £20,800

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£15,600

GROSS YIELD

4.1%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£125

SERVICE CHARGE

£3,072

2 bedrooms

1 bathroom

1 reception room

584

Fully Furnished

Leasehold information

  • Length of lease: 999 years
  • Year lease started: 1997
  • Years left on lease: 974 years (from 2022)
  • Service charge review period: annually
  • Ground rent review period: tbc

Property information

  • 2-bed apartment in a secured gated development
  • Located on the second floor
  • Large reception room
  • Kitchen
  • Family-size bathroom
  • Extra storage in the hallway
  • Comes with 1 underground car parking space
  • No EWS1 certificate required as building is below 18m and of brick and masonry construction
  • EPC rating: C
  • Council tax band D
  • Monthly rental income £1,300

Location information

  • The property is located in Acton, West London
  • The main shopping street is just a few minutes walk from the property
  • Acton Central Overground station is approximately an 11-minute walk away
  • Acton Town Underground station (Piccadilly line) can also be reached within 10 minutes on foot
  • There are bus stops near the property with regular services

Note

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

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 Acton, London Borough of Ealing

Acton is an area in the London Borough of Ealing in west London and lies around 6 miles west of Charing Cross.

The area is very well connected via public transport, with 4 underground stations and 3 railway stations. The tube stations include Acton Town station (District and Piccadilly line), East Acton (Central line), North Acton (Central line) and West Acton (Central line). The railway stations include Acton Central (London Overground and North London Line), Acton Main Line (Great Western Railway) and South Acton railway station (North London Line).

There are also around 20 different bus routes that travel through the area and connect it with Southall, White City, Brent Cross, Stonebridge Park and Willesdon Junction.

Acton has a number of green spaces too, including Acton Park, which has a playground, ponds, bowling green, tennis courts, and a café. Wormwood Scrubs has over 200 acres of common land, including nature reserves, a sports stadium and a pony centre. Whilst Gunnersbury Park has two kids play areas, a cricket pitch, several football pitches and tennis courts.

There are lots of independent shops in the area, including bakeries, fishmongers, butchers, boutiques selling vintage items, gifts and homewares, as well as larger supermarkets.

Acton Town Hall, which has been redeveloped for around £14 million, is now the Everyone Active centre with a state-of-the-art gym, two swimming pools, two dance studios and a library. The Tabard Theatre in nearby Turnham Green showcases theatre productions for all the family to enjoy year-round, whilst the Questors Theatre in Ealing is the biggest amateur theatre company in England.

Church Road,

London,

Greater London,

England,

W3 8PN

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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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