London, W8 5LH | Investment Property for Sale | VES-W8-001

Opportunity to purchase an apartment in West London generating £34,320 rent pa and a gross yield of 3.6%

£950,000

Apartment

VES-W8-001

INITIAL INVESTMENT

£454,850

GROSS RENT / YIELD

£34,320 / 3.6%

NET RENT / YIELD

£24,701 / 2.6%

The property

TENANCY

Tenanted

TENURE

Leasehold

SERVICE CHARGE

£2,572

2 bedrooms

1 bathroom

1 reception room

671

Fully Furnished

Leasehold information

  • Length of lease: 60 years
  • Year lease started: 1980
  • Ground rent: NIL

Notes

We are currently awaiting the AST from the landlord and will update the listing when received.

The listings particulars haven't yet been reviewed by the vendor and are therefore not final.

Market Trends

Sales Trends

  • Prices in W8 have increased 20% over the last 5 years (+5% over the last 12 months) and are £2.14m which varies by property type (£848k for a 1-bed flat to £7.77m for a 5-bed detached property).

  • On average, there have been 20 properties sold per month in the area in the last 12 months.

  • In comparison, prices in the wider W postcode area are £742k (-2% over the last 12 months) and range between £477k for a 1-bed flat to £2.39m for a 5-bed detached property.

Rental Trends

  • Rents in W8 are now at £3,365 per month (-19% over the last 12 month).

  • On average, there have been 140 properties listed for rent per month in the area in the last 12 months.

  • Given prices in the area, gross yield is currently 3.0% in the W8 area which is lower than the national average of 4.7% and the wider West London area of 3.9%. This property is currently achieving a gross yield of 3.6% which is 17% higher than the area.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

Rental Income

GROSS RENT PER ANNUM

£34,320

Equivalent of £2,860 per calendar month (PCM).

GROSS RENTAL YIELD

3.6%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£24,701

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

2.6%

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

FULLY MANAGED OPERATING COSTS

£9,619

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

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

About Kensington & Chelsea, W London

The Royal Borough of Kensington and Chelsea is an inner London borough and the smallest borough in the city. It is one of the most densely populated administrative regions in the UK and includes prosperous areas like Notting Hill, South Kensington, Knightsbridge and Chelsea.

The area is serviced by 12 tube stations on 5 London Underground lines; Central line, Circle line, District line, Hammersmith & City line and Piccadilly line. Kensington Olympia provides London Overground services with 4 trains per hour (tph) northbound to Willesden Junction, with 2 continuing to Stratford and 4 tph southbound to Clapham Junction. In addition, from this station Southern operates an hourly service between Milton Keynes to East Croydon.

There are many notable attractions and institutions in Kensington and Chelsea, these include Kensington Palace, the Royal Albert Hall, the Natural History Museum, The Science Museum, Portobello Road, Hyde Park and many more. This area is also home to Chelsea football Club’s grounds Stamford Bridge.

Many upmarket retailers can be found in this part of London too such as Harrods, Peter Jones, Harvey Nichols. And the opening of Westfield shopping centre in nearby White City has provided extensive retail and dining options for all occasions with over 400 stores and services spread across 5 floors.

Kensington is a major media sector within the city and many outlets run their operations from the large Barkers department store building. This district is home to the head office of the newspaper group DMGT, which produces the Daily Mail, Mail on Sunday, Metro and more. Alternatively, there are thousands of job opportunities in London and there are more than numerous adequate travel options to get you there from this location.

Marloes Road,

London,

Greater London,

England,

W8 5LH

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 >

Important Note

The information contained in this website is for general information purposes only. The information is provided by Vesta Global Limited and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, properties, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Copyright © 2019 Vesta Global Limited. All rights reserved.