West Wickham, BR4 0NH | Investment Property for Sale | VES-BR4-001

Opportunity to purchase an apartment in West Wickham generating £11,760 rent pa and a gross yield of 4.4%

£270,000

Apartment

VES-BR4-001

INITIAL INVESTMENT

£81,600

Based on

deposit: £67,500

stamp duty: £11,600

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£11,760

GROSS YIELD

4.4%

ADD TO FAVOURITES

Sold STC

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The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£75

4 bedrooms

1 bathroom

1 reception room

860

Unfurnished

Leasehold information:

  • Service charge: NIL
  • Length of lease: 189 years
  • Start of lease: 1983

Property information:

  • long-term tenants in situ since 2006
  • the property has been refurbished by the landlord over the years, starting in 2010, and the following works were carried out:
    • re-roofing
    • re-plumbing
    • re-wiring
    • replaced the kitchen
    • replaced the bathroom
    • renewed the heating system
    • fitted a new gas boiler
    • windows
    • front door
  • the flat is located above commercial premises
  • there is a carport at the back of the property which is used by the tenants of the flat and the commercial unit
  • EPC band C

Tenancy

RENT

£11,760 p.a. / £980 pcm

TENANCY DEPOSIT

£900

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

over 14 years ago

TENANCY AGREEMENT ENDS

Periodic

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.

About West Wickham, Kent

West Wickham is located in the London Borough of Bromley in South East London and lies around 10.3 miles south east of Charing Cross. Its railway station is operated by Southeastern and is served by the Hayes line trains. Trains go northbound to Cannon Street, Ladywell then fast onto Waterloo East and Charing Cross and southbound to Hayes.

West Wickham’s close proximity to both Bromley (3.6 miles) and Croydon (4.2 miles) makes it an ideal location to commute to either towns for work or leisure.

Bromley town centre was one of the major metropolitan centres identified in the London Plan, it is home to a large retail area, that includes a pedestrianised High Street and the main shopping mall The Glades. The Glades is filled with various familiar high street brands and in the surrounding areas there’s a wide selection of restaurants, bars and pubs.

Croydon is one of the largest commercial districts outside Central London, with an extensive shopping district. This has led it to become considered to be the third main central business district in Greater London. The Whitgift Centre and Centrale shopping centre are the backbone of the shopping strip with plans for a new £1bn Westfield to be built to replace it in the near future. Along the main high street and within the shopping centre one could find a wide selection of stores and boutiques including many well-known household names. This area is also plentiful in restaurants and bars and with the opening of Boxpark in recent years has added to the process of gentrification and breathing new life in to the area.

High Street,

West Wickham,

Greater London,

England,

BR4 0NH

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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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