Walton-on-Thames, KT12 2BQ | Investment Property for Sale | VES-KT12-001

Opportunity of an apartment in Walton-on-Thames generating £9,900 rent pa & 4.5% gross rental yield

£220,000

Apartment

VES-KT12-001

INITIAL INVESTMENT

£99,000

GROSS RENT / YIELD

£9,900 / 4.5%

NET RENT / YIELD

£6,834 / 3.1%

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The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£10

SERVICE CHARGE

£760

1 bedroom

1 bathroom

1 reception room

503

Unfurnished

Leasehold information

  • Length of lease: 125 years
  • Year lease started: 1997

Property information

  • Located on the first floor
  • Property was redecorated within the last 5 years
  • Within half a mile of the town centre
  • EPC rating C

Tenancy

RENT

£9,900 p.a. / £825 pcm

TENANCY DEPOSIT

£825

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

5 months ago

TENANCY AGREEMENT ENDS

6/13/2020

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.

Financials

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Rental Income

GROSS RENT PER ANNUM

£9,900

Equivalent of £825 per calendar month (PCM).

GROSS RENTAL YIELD

4.5%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£6,834

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.1%

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

FULLY MANAGED OPERATING COSTS

£3,066

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

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Walton-on-Thames, Surrey

Walton-on-Thames is a market town in Surrey, England. It lies about 15 miles southwest of Central London.

The town’s railway station is serviced by South Western Railway and trains run from London Waterloo to Woking and Basingstoke. During rush hour there are several fast trains per hour. Some trains also extend to Guildford and Portsmouth Harbour.

In the town centre one can find the Heart Shopping Centre, which has a range of well-known chain retailers, casual eateries and a free ping-pong area.

Walton is ideally located for walks along the river and boat trips on the river by the marina. Whilst the Elmbridge Xcel Leisure complex boasts a swimming pool, health and fitness suite, climbing wall, squash and badminton courts, kid’s multi-storey indoor play area and an indoor bowls hall. The Riverhouse Barn Arts Centre offers a multitude of events all year, including drama, music, children’s shows, cabaret, art exhibitions as well as arts and crafts classes for all ages.

Other nearby attractions include Chessington World of Adventures, Mercedez-Benz World, RHS Garden Wisley, Claremont Landscape Garden and Thorpe Park. There are also two horse racecourses in the area, Sandown Park and Kempton Park.

From Walton one can easily travel for days out to Reigate, East Grinstead, Weybridge, North Downs, Farnham and Guildford to name a few.

Lancaster Court,

Walton-on-Thames,

Surrey,

England,

KT12 2BQ

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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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