Woking & Sutton | Investment Property for Sale | VES-SM1-004

Opportunity to purchase a 2 unit portfolio in Greater London generating £45,060 rent pa

£1,120,000

2 unit Portfolio

VES-SM1-004

INITIAL INVESTMENT

£323,100

Based on

deposit: £280,000

stamp duty: £39,600

mortgage fees: £1,500

conveyancing fees: £2,000

GROSS RENT

£45,060

GROSS YIELD

4.0%

ADD TO FAVOURITES

The portfolio

TENURE

Freehold

NO OF UNITS

2

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

2,530

PRICE SQ FT

£443

Gloucester Gardens, Sutton

  • Terraced house
  • 4 bedrooms, 2 bathrooms, 1 reception
  • 1,088 square feet
  • Monthly rental income £1,575
  • Fully tenanted
  • EPC rating D
  • Asking price £525,000

Sycamore Avenue, Woking

  • Terraced house
  • 4 bedrooms, 2 bathrooms, 1 reception
  • 1,088 square feet
  • Monthly rental income £1,411
  • Fully tenanted
  • EPC rating B
  • Asking price £595,000

Notes

The properties are owned by a limited company and the vendor is open to selling it. In which case a substantial saving could be made in stamp duty and the quoted yield has the potential to be greater.

The landlord is also open to selling the properties separately.

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 Sutton and Woking

Sutton

Sutton is a town in the south of Greater London of the borough Sutton, it is located 10.7 miles south-south west of Charing Cross.

The closest station to this property is Sutton Common railway which is fortunately under ten minutes away on foot. Sutton Common station is served by Southern and Thameslink on the Sutton loop line, providing links to destinations in the local southwest area. The primary station servicing this area is Sutton station which provides routes to several destinations in central London such as London Bridge, London Victoria, Blackfriars and St Pancras. From this station there are 8 trains per hour to London Victoria, some of which are fast trains only stopping at Clapham junction and taking just 25-minutes. This station also has direct services to destinations around and outside of central London, including Epsom, Banstead, Dorking, West Croydon, Luton and St Albans. It has been proposed that in the near future a tramlink is to be builit which will make this location even better for transport links

Sutton High street and the surrounding areas are known as the sixth most important shopping area in London, many familiar high street favourites can be found along this mainly pedestrianized area, as well as banks, building societies and estate agents. The high street is home to two covered shopping centres that are situated at the heart of this retail area, with several other stores and boutiques placed up and down the almost a mile-long stretch from Sutton Green to Sutton station. Sutton has a range of restaurants, patisseries, gastropubs and bars, the pedestrianisation of this area allowing for extra space for outdoor seating areas in the summer. The property is situated very close to Rose Hill Park which has a wide range of indoor and outdoor leisure facilities including tennis and fitness.

As this property 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.

This property could be perfect for young families looking for local academic options for their children. The closest educational establishment to this property is Greenshaw High School, which offers co-education including up to sixth form and is only ten-minutes away on foot. Alternatively, for those that may have younger children there is All Saints Benhilton C of E Primary just a short walk down the road from this property. A new school is being planned to be located within the park which will increase demand for this location.

Woking

Woking is a town in the northwest of the county of Surrey, it is 5.4 miles north of Guildford and 23 miles southwest of Charing Cross Station. Woking is less than 10 minutes from the M25 motorway and excellent airport access to Heathrow (25 minutes) and Gatwick (45 minutes).

This area is served by Woking railway station which lies on the South Western Main Line and provides links to the city of London for many commuters. There are 14 trains per hour to London Waterloo some via Clapham junction and fast train services to Waterloo taking only a mere 25 minutes, making Woking one of the very best London commuter towns. Routes are also run from this station down the Portsmouth Direct Line via Guildford to Portsmouth and other destinations such as Winchester, Weymouth and Exeter. RailAir bus services also run two buses per hour form this station, providing a link to Heathrow Airport in around 50 minutes.

Woking town centre is home to various attractions and public art such as the Martian tripod and the Hawker Hunter. Woking town centre is home to The Peacocks which is a modern multi-storey shopping and leisure complex, that is equipped with a 1200-seat theatre, three cinemas, nightclub and a library. Between the Peacocks, Wolsey Place and the surrounding area which makes up a shopping hub where there are over 170 retail stores where you could find everything you need and more. This town centre has a plethora of restaurants serving cuisines from across the globe, as well as several bars and pubs. The Lightbox is a public gallery and heritage centre that hosts three exhibitions at a time as well as a display of local history known as ‘Woking’s Story’. This property is a short walk (less than 5 minutes) from a major leisure centre and park offering swimming, gymnastics, football, tennis and a gym.

As this property is based in Greater London and has quick transport routes to the City of London there are thousands of job opportunities that one could take advantage of by commuting from Woking.

This area could be ideal for young families looking for schooling options for their children in the local area. There are two mixed-sex primary schools that are both under a 20-minute walk away, which are Greenfield School and Barnsbury Primary School. For those looking for secondary school education there is Hoe Valley School which is also mixed and includes a sixth form also.

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