Wembley, HA9 7JR | Investment Property for Sale | VES-HA9-001

Opportunity to purchase an apartment in Wembley generating £14,400 rent pa and a gross yield of 5%

£290,000

Apartment

VES-HA9-001

INITIAL INVESTMENT

£132,600

GROSS RENT / YIELD

£14,400 / 5.0%

NET RENT / YIELD

£9,056 / 3.1%

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The property

TENANCY

Tenanted

TENURE

Leasehold

SERVICE CHARGE

£2,004

1 bedroom

1 bathroom

1 reception room

519

Fully Furnished

Leasehold information

  • Ground rent: included within the service charge
  • Length of lease: 125 years
  • Year lease started: 2009

Property information

  • Open plan living/kitchen space
  • Comes with a private terrace
  • Separate storage room
  • Lift access in the building
  • EPC rating B
  • Current rental income £1,200 pcm

Notes

We are currently awaiting the AST from the landlord and will update the listing when received.

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

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

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Rental Income

GROSS RENT PER ANNUM

£14,400

Equivalent of £1,200 per calendar month (PCM).

GROSS RENTAL YIELD

5.0%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£9,056

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

£5,344

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 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.

Elm Road,

Wembley,

Greater London,

England,

HA9 7JR

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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.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

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