Walthamstow, E17 5RJ | Investment Property for Sale | VES-E17-654

Tenanted investment property generating £16,200 rental income pa in Walthamstow

£425,000

Terraced House

VES-E17-654

INITIAL INVESTMENT

£198,450

GROSS RENT / YIELD

£16,200 / 3.8%

NET RENT / YIELD

£12,610 / 3.0%

The property

TENANCY

Tenanted

TENURE

Freehold

2 bedrooms

2 bathrooms

2 reception rooms

1,063

Unfurnished

Tenant is a long standing tenant.

Landlord has stated "property being reasonably priced as is in need of modernisation".

Tenancy

RENT

£16,200 p.a. / £1,350 pcm

TENANCY DEPOSIT

£1,350

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

over 3 years ago

TENANCY AGREEMENT ENDS

9/12/2019

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

£16,200

Equivalent of £1,350 per calendar month (PCM).

GROSS RENTAL YIELD

3.8%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£12,610

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.0%

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

FULLY MANAGED OPERATING COSTS

£3,590

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 Walthamstow, E London

Walthamstow is a district in east London in the London Borough of Waltham Forest. Walthamstow is located between the Lea Valley and Walthamstow Reservoirs to the west, the North Circular Road to the north and Epping Forest to the east. It is situated 7.6 miles northeast from Euston.

This area is serviced by Walthamstow Central which is a London Underground and Overground interchange station. This station acts as the northern terminus station on the Victoria line and runs all the way to Brixton to the south. London Overground services run from Liverpool Street to Chingford, operating 4 trains per hour in either direction.

The high street at the centre of this district is home to Walthamstow Market, measuring at 2/3 of a mile making it the longest outdoor market in Europe. This market is open 5 days a week (not on Sunday or Monday) and is home to a special farmers’ market on Sunday. There is a selection of well-known highstreet classics along the side of the central market, including specialised food and fabric stores as well as cafés. The Mall Selborne Walk is a much larger indoor shopping complex that one can gain access from shop fronts that connect it to the main high street. This shopping centre is home to almost 100 well known retail stores, banks and restaurants. Walthamstow is not far from Westfield Stratford also, where one can fulfil all of their commercial and dining desires.

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

This area could be perfect for young families looking for local education options. Primary schools in this area are Hillyfield Primary Academy and Whittingham Primary Academy which are both under a ten-minute walk and offer schooling to the age of 11. Big creative academy is the closest higher education institution offering course and apprenticeships predominantly in the creative field.

Claremont Road,

London,

Greater London,

England,

E17 5RJ

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.