Mitcham, CR4 4LB | Investment Property for Sale | VES-CR4-5

Opportunity to purchase 5-unit broken block in regenerated Mitcham achieving £57,000 gross rent annually

£999,950

5 Unit Broken Block

VES-CR4-5

INITIAL INVESTMENT

£448,478

GROSS RENT / YIELD

£57,000 / 5.7%

NET RENT / YIELD

£35,930 / 3.6%

ADD TO FAVOURITES

The block

TENURE

Leasehold

NO OF UNITS

5

TENANCY STATUS

Vacant

FURNISHED

No

TOTAL SQ FT

TBC

PRICE SQ FT

£0

SERVICE CHARGE

£7,851

A fantastic opportunity to purchase five 1-bed units within a 16-unit development in Mitcham Green, South West London.

Mitcham Green conservation area is a remarkable place made up of a complex off historic greens, buildings and designed landscapes.

A lot has happened in Mitcham over the last three years with the main regeneration works centered around Fair Green and attratcing millions of pounds in investment.

Notes:

  • All EPCs available on request
  • Awaiting more photos

Rental Schedule

  • Flat 0.01 - £11,400 pa
  • Flat 0.03 - £11,400 pa
  • Flat 1.03 - £11,400 pa
  • Flat 1.05 - £11,400 pa
  • Flat 2.12 - £11,400 pa

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.

Financials

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Rental Income

GROSS RENT PER ANNUM

£57,000

Equivalent of £4,750 per calendar month (PCM).

GROSS RENTAL YIELD

5.7%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£35,930

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.6%

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

FULLY MANAGED OPERATING COSTS

£21,070

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

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

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.

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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.

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.

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