West Norwood, SE27 0BT | Investment Property for Sale | VES-SE27-534

Opportunity to buy 2-bed tenanted investment property generating £18,300 pa and a yield of 4.1%

£450,000

Flat - Converted

VES-SE27-534

INITIAL INVESTMENT

£210,600

GROSS RENT / YIELD

£18,360 / 4.1%

NET RENT / YIELD

£14,357 / 3.2%

The property

TENANCY

Tenanted

TENURE

Leasehold

2 bedrooms

2 bathrooms

1 reception room

643

Unfurnished

Leasehold Details

  • Length of lease: 125 years, starting in April 1989
  • Ground rent: TBC

Tenancy

RENT

£18,360 p.a. / £1,530 pcm

TENANCY DEPOSIT

£1,530

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

11 months ago

TENANCY AGREEMENT ENDS

2/27/2019

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

£18,360

Equivalent of £1,530 per calendar month (PCM).

GROSS RENTAL YIELD

4.1%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£14,357

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.2%

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

FULLY MANAGED OPERATING COSTS

£4,003

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 West Norwood, SE London

West Norwood is a residential area in the borough of Lambeth, south east London. It is situated 5.4 miles south south-east of Charing Cross.

London is famous for its fantastic transport routes and the location of this property is no exception. This property is conveniently only ten-minutes on foot to West Norwood railway station, which runs services to Victoria, Clapham Junction and London Bridge. This property benefits also from being around a 15-minute walk away from Tulse Hill Station, which offers many more services to destinations such as; London Blackfriars, City Thameslink, Luton Airport, Kings Cross and St. Albans. In addition, there are several bus routes near this property which can provide regular services to surrounding areas and to the closest tube station which is in Brixton.

West Norwood is becoming an increasingly popular location for young working individuals looking for a residential area that has quick transport links to the City of London. Especially as the borough of Lambeth has much to offer in the form of attractions and culture. In fact, this property is just around the corner from the South London Theatre Centre, which shows over 22 productions annually. Regeneration is taking place in this area, with West Norwood Picturehouse and Library due to be open later this year, and with it an influx of new shops and boutiques. Also, with Brixton in such proximity, there is a vast array of famous live venues, bars and charming independent restaurants serving cuisine from across the globe.

As this home is based 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 location could be ideal for a young family that is looking for schooling options within the area. The closest primary school is Hitherfield Primary that is only a short ten-minutes around the corner from this property and provides co-ed education from the ages of 3-11. Alternatively, Dunraven School is under ten-minutes away and offers schooling for all phases of education.

Broxholm Road,

London,

Greater London,

England,

SE27 0BT

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