Purley, CR8 2BA | Investment Property for Sale | VES-CR8-001

Opportunity to purchase an apartment in Purley generating £13,800 rent pa & gross yield of 4.7%

£295,000

Apartment

VES-CR8-001

INITIAL INVESTMENT

£89,850

Based on

deposit: £73,750

stamp duty: £13,600

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£13,800

GROSS YIELD

4.7%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

SERVICE CHARGE

£462

2 bedrooms

1 bathroom

1 reception room

550

Unfurnished

Please note that this property is also part of a bigger portfolio sale

Leasehold information

  • Length of lease: 128 years
  • Year lease started: 1989

Property information

  • Located on the first floor
  • The apartment has been fully refurbished
  • It comes with 1 off-street parking space behind the property
  • EPC rating D

Note

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

Tenancy

RENT

£13,800 p.a. / £1,150 pcm

TENANCY DEPOSIT

£1,326

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

2 months ago

TENANCY AGREEMENT ENDS

6/7/2021

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 Purley, London Borough of Croydon

Purley is an area in the London Borough of Croydon. It is located south of Croydon and around 12 miles south of Charing Cross.

The area is very well connected via the road network and makes Purley ideal for commuters. The A22 leads to East Grinstead and Eastbourne, the A2022 leads to Epsom and Kingston, the A23 to Redhill and Brighton as well as Croydon and Central London.

The town’s railway stations Purley and Purely Oaks are on the London to Brighton railway line and Reedham station is on the Tattenham Corner Line.

Gatwick Airport is the closest international airport and lies around 15 miles south of Purley. It can also be reached directly via train from Purley.

The centre of Purley offers various shops, boutiques, cafes, and restaurants. The local leisure centre is also located on the high street and offers a gym, swimming pool and group fitness classes. Other leisure facilities include Purley Downs Golf Club, Cumnor House School Sports Ground and Surrey Health and Racquets Club.

Anyone interested in outdoor pursuits can choose from several spaces such as Purley Beeches, Kenley Common, Farthing Downs and Oaks Park.

Purley is home to a number of notable schools including The John Fisher School, Laleham Lea School, Oakwood School, Cumnor House School, Oakwood Prep School and Purley Language College. There are also other schools, nurseries and colleges nearby.

Brighton Road,

Purley,

Greater London,

England,

CR8 2BA

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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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