Opportunity to purchase a property in Mitcham generating £19,200 rent pa & gross yield of 3.6%
£537,500
End Terraced House
VES-CR4-005
INITIAL INVESTMENT
£169,875
Based on
deposit: £134,375
stamp duty: £33,000
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£19,200
GROSS YIELD
3.6%
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
Freehold
3 bedrooms
1 bathroom
2 reception rooms
1,033
Unfurnished
Property information
- The property comprises:
- 3 x bedrooms
- Bathroom
- Kitchen
- Living room
- Dining room
- Front and rear garden
- Access to the rear garden via the dining room
- Off-street parking for 1 car
- EPC rating E
- Council tax band D
- Monthly rental income £1,600
- Tenants in situ since 2019 and wishing to remain, good family tenants
Location information
- The property is located just outside Mitcham town centre
- Mitcham town centre is 0.6 miles from the property
- Mitcham Eastfields railway station is a 7-minute walk away, direct trains to London Victoria (20 mins travel)
- Easy access to the local road network
Note
Please note that Vesta has not visited this property and 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 Mitcham, South London
Mitcham is a district in south London within the London Borough of Merton. It lies approximately 7 miles southwest of Charing Cross.
Mitcham Junction and Mitcham Eastfields are local railway stations which are served by the Thameslink. Regular trains run to Sutton, Epson, London Victoria, London Bridge and St Albans. It is also connected through the Croydon Tramlink to Wimbledon, Croydon, New Addington as well as Beckenham Junction and Elmers End via change at Croydon.
There are numerous bus routes going through Mitcham including night buses to Aldwych and Liverpool Street in central London.
You can find two great parks in Mitcham too, Morden Hall Park, which boasts great views of London’s skyline and Mitcham Common. It offers 460 acres of green space, including a pond Mitcham Gold Club. There is also Mitcham Cricket Green which is reported to be the oldest cricket ground still in use since 1685.
With its good transport connections and close proximity to central London Mitcham is an ideal commuter district both work, entertainment and shopping.
Edgehill Road,
Mitcham,
Greater London,
England,
CR4 2HY
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Important Note
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