London, W9 1QH | Investment Property for Sale | VES-W9-001

Opportunity to purchase an apartment in London generating £19,800 rent pa & gross yield of 4.4%

£450,000

Apartment

VES-W9-001

INITIAL INVESTMENT

£141,000

Based on

deposit: £112,500

stamp duty: £26,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£19,800

GROSS YIELD

4.4%

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

GROUND RENT

£200

SERVICE CHARGE

£1,647

2 bedrooms

1 bathroom

1 reception room

653

Unfurnished

Please note that this property is also part of a larger portfolio listing and the vendor is open to selling the units individually.

Leasehold information

  • Length of lease: tbc
  • Year lease started: tbc
  • Years left on lease: 110

Property information

  • Located on the second floor
  • 2 double bedrooms
  • Good-sized lounge
  • Separate kitchen with appliances
  • Extra storage in the hallway
  • EPC rating C
  • Monthly rental income £1,650

Location information

  • Located in Maida Vale, North London
  • Kilburn Park tube station and Kilburn High Road overground station are 0.3 miles from the property
  • Paddington Recreation Ground is the nearest park, less than a 10-minute walk away

Note

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

Tenancy

RENT

£19,800 p.a. / £1,650 pcm

TENANCY DEPOSIT

£0

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

over 3 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 London Borough of Westminster, Central London

The City of Westminster is an inner London city and borough in Central London.

It is bordered to the west by the older City of London as well as the Royal Borough of Kensington and Chelsea and to the north by the London Borough of London. Its southern boundary is the River Thames.

Westminster boasts a vast transport network with 27 London Underground stations served by 10 lines. The four National Rail stations serving the borough are London Charing Cross, London Marylebone, London Paddington and London Victoria. Destinations include other parts of London, as well as the South East, South West, Heathrow Airport, Gatwick Airport, Oxford and Birmingham.

Westminster occupies a large part of central Greater London including most of the West End and is made up of 22 districts. Most attractions commonly associated with London are located in Westminster, such as the Palace of Westminster, Westminster Abbey, Whitehall, 10 Downing Street, Buckingham Palace, Big Ben and Trafalgar Square. Other popular locations such as the shopping areas surrounding Oxford Street, Regent Street, Piccadilly and Bond Street and Soho are all located in the borough.

There are 116 parks and open spaces including Hyde Park, most of Regents Park, Green Park, Kensington Gardens, St James’s Park, Leicester Square, Golden Square and Victoria Embankment Gardens. St John’s Wood Church Grounds is the only Local Nature Reserve in the borough and is a Site of Borough Importance for Nature Conservation, Grade I.

Many global corporations have their global or European headquarters in the City of Westminster and many countries’ embassies or High Commissions can be found in Westminster.

Westminster is also home to large number of universities and colleges such as the University of Westminster, King’s College London, London Business School, London School of Economics, Royal Academy of Music, University of Arts London and the Royal College of Art.

Dibdin House,

London,

Greater London,

England,

W9 1QH

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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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