Shadwell, E1 0AD | Investment Property for Sale | VES-E1-010

Apartment in Shadwell generating £18,660 in rent per annum & a gross yield of 4.4%

£425,000

Apartment

VES-E1-010

INITIAL INVESTMENT

£198,450

GROSS RENT / YIELD

£18,660 / 4.4%

NET RENT / YIELD

£14,600 / 3.4%

The property

TENANCY

Tenanted

TENURE

Leasehold

2 bedrooms

1 bathroom

1 reception room

617

Fully Furnished

Leasehold Details

  • Length of lease: 125 years from March 2007
  • Service Charge: TBC
  • Ground Rent: TBC

Tenancy

RENT

£18,660 p.a. / £1,555 pcm

TENANCY DEPOSIT

£2,146

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

6 months ago

TENANCY AGREEMENT ENDS

10/1/2019

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

Rental Income

GROSS RENT PER ANNUM

£18,660

Equivalent of £1,555 per calendar month (PCM).

GROSS RENTAL YIELD

4.4%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£14,600

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.4%

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

FULLY MANAGED OPERATING COSTS

£4,060

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

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

About Shadwell, E London

Shadwell is a district of East London, in the London Borough of Tower Hamlets. It is situated on the north bank of the River Thames between Whitechapel and Wapping, around 3 miles east of Charing Cross.

Shadwell railway station is a London Overground station on the East London Line that is managed by Arriva Rail London. Services on this line run on average every 3-5 minutes. Off-peak services offer 8 trains per hour (tph) eastbound to Highbury & Islington and a further 8 to Dalston Junction to the east. Westbound services operate 4 tph to West Croydon, 4 tph to Crystal Palace, 4 tph to New Cross and 4 tph to Clapham junction via Peckham Rye. In addition, there is also Shadwell DLR station which offers Docklands Light Railway services towards Lewisham, Stratford, Bank and Woolwich Arsenal.

Shadwell is considered part of London’s East End and this area has seen extensive regeneration over the last few decades. The East End has become one of the trendiest areas to live in London, with an abundance of commercial and public art galleries erecting through the area in recent years, over 80 licensed bars in just the Shoreditch area alone and a huge influx of young working individuals eager to live in this electrifying part of town.

As this home is based in the capital there are thousands of job opportunities in the local area and throughout the centre of the city, where there are numerous travel options to get you there.

This property could be ideal for a young family looking for local education options within walking distance. For those looking for secondary school education for their children there is Bishop Challoner Catholic Collegiate School which educates children from the ages of 11 to 18. Additionally, for those looking for schooling options for their younger children there is Blue Gate Fields and Bigland Green Primary School.

Tarling Street,

London,

Greater London,

England,

E1 0AD

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Important Note

The information contained in this website is for general information purposes only. The information is provided by Vesta Global Limited and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, properties, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Copyright © 2019 Vesta Global Limited. All rights reserved.