South Croydon, CR2 7DJ | Investment Property for Sale | VES-CR2-135

Investment opportunity to purchase a long-standing tenanted 2-bed house generating £11,400 rent per annum

£330,000

Semi-Detached House

VES-CR2-135

INITIAL INVESTMENT

£152,280

GROSS RENT / YIELD

£11,400 / 3.5%

NET RENT / YIELD

£8,725 / 2.6%

Sold STC

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The property

TENANCY

Tenanted

TENURE

Freehold

2 bedrooms

1 bathroom

1 reception room

649

Unfurnished

Tenancy

RENT

£11,400 p.a. / £950 pcm

TENANCY DEPOSIT

£0

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

22 months ago

TENANCY AGREEMENT ENDS

3/31/2019

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

£11,400

Equivalent of £950 per calendar month (PCM).

GROSS RENTAL YIELD

3.5%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£8,725

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

2.6%

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

FULLY MANAGED OPERATING COSTS

£2,675

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 South Croydon, SE London

South Croydon is an area in south London, in the London Borough of Croydon located 10.8 miles south of Victoria.

It is serviced by South Croydon Station which runs on the Brighton Main Line and is managed by Southern. Southern operates 4 trains per hour to London Bridge, 2 of these services are fast trains and only stop at East Croydon before going to London Bridge. There are four trains per hour to Caterham in the other direction, 2 of these terminate at Coulsdon town other than in peak time.

As this property is in the capital, all of one’s retail and dining requirements are only a short trip away via train which shall drop you in the centre of town. In the City of London and surrounding areas there are thousands of job opportunities and there are more than numerous adequate travel options to get you there.

This property could be perfect for families looking for local schooling options in walking distance, with Harris Primary Academy Haling Park and Elmhurst School which offers mixed sex education to the age of 11 at the forefront.

Saint Peter's Street,

South Croydon,

Greater London,

England,

CR2 7DJ

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