Wembley, HA0 3DN | Investment Property for Sale | VES-HA0-345

Opportunity to buy tenanted investment property generating £15,600 rental income pa in Wembley

£400,000

Bungalow

VES-HA0-345

INITIAL INVESTMENT

£186,300

GROSS RENT / YIELD

£15,600 / 3.9%

NET RENT / YIELD

£12,124 / 3.0%

The property

TENANCY

Tenanted

TENURE

Freehold

2 bedrooms

2 bathrooms

1 reception room

676

Unfurnished

Vesta has not visited the property and the marketing material has been provided by the vendor.

Tenancy

RENT

£15,600 p.a. / £1,300 pcm

TENANCY DEPOSIT

£1,300

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

11 months ago

TENANCY AGREEMENT ENDS

Periodic

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

£15,600

Equivalent of £1,300 per calendar month (PCM).

GROSS RENTAL YIELD

3.9%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£12,124

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

£3,476

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 Wembley, NW London

Wembley is an area of north-west London in the borough of Brent, 10.2 miles north west of Charing Cross station.

This area is serviced by Wembley Central and North Wembley station. Wembley Central is an interchange station that lies on the West Coast Main Line, London Underground and London Overground. London Overground operates 3 trains per hour (tph) to the south to London Euston and 3 tph to Watford junction to the north. London underground operates the Bakerloo Line from this station, from which there are 6 tph to Elephant & Castle and 6 tph in the other direction to Harrow & Wealdstone. Southern also runs 1 tph from East Croydon to Milton Keynes Central that passes through this station. North Wembley station operates London Overground and London Underground services and precedes Wembley Central.

Wembley is home to the famous Wembley Arena which is the second largest arena in London and Wembley Stadium the national football team’s home. The main shopping centre in this area is London designer outlet which is a semi-outdoor shopping centre in Wembley Park spanning over 350,000 sqft and hosting over 80 stores on three floors.

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.

Repton Avenue,

Wembley,

Greater London,

England,

HA0 3DN

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