Surbiton, KT6 5AA | Investment Property for Sale | VES-KT6-001

Opportunity to purchase an apartment in Surbiton generating £12,600 rent pa & gross yield of 4.6%

£275,000

Apartment

VES-KT6-001

INITIAL INVESTMENT

£83,250

Based on

deposit: £68,750

stamp duty: £12,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£12,600

GROSS YIELD

4.6%

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

Share of Freehold

SERVICE CHARGE

£1,317

1 bedroom

1 bathroom

1 reception room

445

Unfurnished

Share of freehold information

  • Length of lease: 999 years
  • Year lease started: 1987
  • Years left on lease: 964 years (from 2022)
  • Ground rent: NIL
  • Ground rent review period: n/a
  • Service charge review period: tbc
  • Shared ownership (% share being sold): tbc

Property information

  • Located on the top floor
  • Open plan kitchen and reception room
  • Including white goods (fridge/freezer, washing machine, dishwasher)
  • Access to loft storage
  • Residents parking and visitor spaces
  • Communal gardens
  • EPC rating: C
  • Council tax band C
  • Monthly rental income £1,050
  • The vendor has never increased the rent so there could be an opportunity for a slight increase in future
  • Tenants have been in situ since January 2019

Location information

  • The property is around 1 mile south of Surbiton centre and the railway station
  • There is a bus stop a short walk from the property with regular services into Surbiton and Kingston
  • Easy access to the A3

Notes

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

We are awaiting further images and will add them as and when they are provided.

Tenancy

RENT

£12,600 p.a. / £1,050 pcm

TENANCY DEPOSIT

£1,454

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

over 3 years ago

TENANCY AGREEMENT ENDS

Periodic

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 Surbiton, Royal Borough of Kingston upon Thames

Surbiton is a neighbourhood in south-west London within the Royal Borough of Kingston upon Thames, around 11 miles from Charing Cross, and comprises four wards: Alexandra, Berrylands, St Mark’s and Surbiton Hill. Kingston is 1.5 miles to the north, Wimbledon is 5 miles to the east, Esher is around 3.5 miles to the west and Chessington is 2.7 miles south of Surbiton.

The A3 passes by Surbiton in the south providing a link between the city of London and Portsmouth.

There are two railway stations within Surbiton: Berrylands and Surbiton, both are served by South Western Railway services. Surbiton railway station is in Travelcard Zone 6 and provides regular and fast-train services to London Waterloo, Hampton Court, Woking, Guildford, Basingstoke and Alton. Berrylands railway station runs services to London Waterloo on the Hampton Court Branch.

There are several bus routes that connect Surbiton to further areas in Greater London such as Chessington, Kingston, Twickenham, Hounslow, Epsom, to name a few.

Both Heathrow Airport and Gatwick Airport can easily be reached by car from Surbiton.

The majority of shops in Surbiton are centred around the railway station and include coffee shops, beauty salons, pubs, eateries, a florist, convenience stores and local bank branches. Every third Saturday of the month a farmers market takes place in Maple Road, where farmers and artisans sell their produce. Nearby Kingston offers further shopping opportunities.

There are also a number of recreational opportunities in Surbiton and the surrounding area, such as a visit to Hampton Court Palace, Hampton Court Park, Bushy Park, boat rides on the River Thames, the Wood and Richard Jefferies Bird Sanctuary, Claremont Gardens, and Berrylands Nature Reserve.

Education is provided by Kingston borough and in Surbiton includes The Hollyfield School and Sixth Form Centre, Southborough High School and Tolworth Girls’ School and Sixth Form. Further education is provided by Kingston College and Hillcroft College, whilst higher education is provided by Kingston University.

Kingston is the third largest retail centre by employment in London offering many job opportunities. Other noteworthy companies are Sega Amusements International who have their head office in Chessington, whilst Lidl relocated their UK headquarters to Kingston in 2020. With its fast train services into central London and surrounding areas many of the locals tend to commute for work.

Hook Road,

Surbiton,

Greater London,

England,

KT6 5AA

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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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