New Malden, KT3 6PF | Investment Property for Sale | VES-KT3-001

Opportunity to purchase a semi-detached house in New Malden generating £22,788 rent pa & a gross yield of 3.9%

£580,000

Semi-Detached House

VES-KT3-001

INITIAL INVESTMENT

£271,800

GROSS RENT / YIELD

£22,788 / 3.9%

NET RENT / YIELD

£17,503 / 3.0%

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

Freehold

3 bedrooms

1 bathroom

2 reception rooms

1,444

Unfurnished

Property information

  • 3 bedroom house split over 2 floors
  • chalet-style property with a large footprint
  • tenants are using reception and entertainment rooms as additional bedrooms
  • the dining room is an extension built in 1969
  • dining room leads out into the rear garden
  • rear garden is approximately 19.52 m x 9.06 m in size
  • comes with a garage and driveway
  • upstairs family bathroom
  • new PVC windows installed in 2018
  • opportunity to extend to the side and rear
  • EPC rating D

The tenants have been living in the property for the last 12 years and the current tenancy agreement started on 9 December 2016.

Tenancy

RENT

£22,788 p.a. / £1,899 pcm

TENANCY DEPOSIT

£2,100

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

33 months ago

TENANCY AGREEMENT ENDS

Periodic

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

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Rental Income

GROSS RENT PER ANNUM

£22,788

Equivalent of £1,899 per calendar month (PCM).

GROSS RENTAL YIELD

3.9%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£17,503

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.0%

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

FULLY MANAGED OPERATING COSTS

£5,285

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 New Malden, Surrey

New Malden is a suburb in south-west London and is mostly located within the Royal Borough of Kingston upon Thames, with a smaller part located in the London Borough of Merton.

The A3 trunk road runs through part of New Malden and connects it to central London and Portsmouth. It passes by Kingston upon Thames, Guildford, Haslemere and Petersfield.

New Malden railway station lies about 9 miles south-west of London Waterloo and is in Travelcard Zone 4. The station is operated by South Western Railway and runs services to London Waterloo via Wimbledon, London Waterloo via Kingston and Richmond, to Hampton Court via Surbiton and to Shepperton via Kingston. Trains to London Waterloo take approximately 43 minutes.

New Malden includes Motspur Park which is the home of both Fulham FC and AFC Wimbledon training grounds, as well as King’s College London’s sports ground.

There are many attractions and places to go nearby such as Richmond Park, Bushy Park, Hampton Court Palace, Jurassic Encounter Adventure Golf, Kingston Museum and walks along the river Thames, to name a few.

With its good transport connections and close proximity to central London New Malden is an ideal commuter area for work, entertainment and shopping.

Motspur Park,

New Malden,

Greater London,

England,

KT3 6PF

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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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