Twickenham, TW2 7BW | Investment Property for Sale | VES-TW2-001

Opportunity to purchase an apartment in Twickenham generating £10,200 rent pa & gross yield of 4.1%

£250,000

Apartment

VES-TW2-001

INITIAL INVESTMENT

£75,000

Based on

deposit: £62,500

stamp duty: £10,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£10,200

GROSS YIELD

4.1%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£250

SERVICE CHARGE

£350

1 bedroom

1 bathroom

1 reception room

306

Partially Furnished

Leasehold information

  • Length of lease: 125 years
  • Year lease started: 2009
  • Years left on lease: 112 years (from 2022)
  • Service charge: £250 - £350 pa
  • Service charge review period: the building is operated under the Right to Manage and the service charge is quite low and consistent in accordance, paying only the actual cost for insurance, electricity etc.
  • Ground rent review period: increases in 25 year increments from date of the lease

Property information

  • Located on the top floor
  • All white goods are included, as well as a wardrobe and a small side table
  • The apartment was fully redecorated in January 2021, including the installation of a new fridge/freezer, new blinds and a new shower screen
  • EPC rating: B
  • Council tax band C
  • Monthly rental income £850
  • The tenant wishes to remain at the property on a long-term basis

Location information

  • The property is located in the Whitton area of Twickenham
  • Whitton high street is a 5-minute walk from the property
  • Whitton railway station is a 10-minute walk from the property
  • There is a bus stop with regular services to Kingston and West Middlesex Hospital

Note

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

Tenancy

RENT

£10,200 p.a. / £850 pcm

TENANCY DEPOSIT

£0

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

17 months ago

TENANCY AGREEMENT ENDS

1/29/2023

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 Twickenham, LB of Richmond upon Thames

Twickenham is a large suburban area in the south-west of London and forms part of the London Borough of Richmond upon Thames.

The A316 runs straight through Twickenham, connecting it with Chiswick High Road and joining the M3 motorway at Sunbury-on-Thames.

Twickenham railway station is in Travelcard Zone 5 and is operated by South Western Railway. There are regular services on the Waterloo to Reading, Waterloo to Windsor, Hounslow Loop and Kingston Loop lines. There are also a number of bus routes service Twickenham and connecting it to Hammersmith, Hounslow, Kingston, Richmond, Piccadilly Circus and Heathrow Terminal 5, to name a few.

London Heathrow Airport is just over 10 miles west of Twickenham.

Twickenham is best known as the home to the headquarters of the Rugby Football Union and Twickenham Stadium, but there are also other noteworthy places to be found in the area such as three grand period mansions which have public access: York House, Marble Hill and Strawberry Hill House. A more hidden treasure is Eel Pie Island, which can only be reached by boat or footbridge and is home to a small number of residential houses and a nature reserve.

Twickenham’s centre offers a large variety of retailers ranging from the usual high street favourites to independent boutiques. There are also several eateries from well-known chains to independent cafes and restaurants, as well as some pubs along the riverside.

Twickenham’s residents work locally in retail, hospitality, education or for one of the local professional companies, but a large number also commute into central London. Heathrow Airport is one of the large employers in the area as well as several international firms which have their European headquarters in the Thames Valley area.

Nelson Road,

Twickenham,

Greater London,

England,

TW2 7BW

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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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