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
£168,900
Based on
deposit: £145,000
stamp duty: £21,400
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£22,788
GROSS YIELD
3.9%
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
over 4 years ago
TENANCY AGREEMENT ENDS
Periodic
Floorplans
Tour
Documents available on request, please contact for viewings or further questions.
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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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