Woking, GU21 6AS | Investment Property for Sale | VES-GU21-002

Opportunity to purchase an apartment in Woking generating £13,200 rent pa and a gross yield of 6.1%

£215,000

Apartment

VES-GU21-002

INITIAL INVESTMENT

£97,650

GROSS RENT / YIELD

£13,200 / 6.1%

NET RENT / YIELD

£9,037 / 4.2%

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The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£215

SERVICE CHARGE

£886

1 bedroom

1 bathroom

1 reception room

349

Fully Furnished

Leasehold information

  • Length of lease: 130 years
  • Year lease started: 2019

Property information

  • First floor apartment
  • Open plan living/kitchen area
  • Fully integrated kitchen appliances
  • 10 year insurance backed warranty
  • Video entry system
  • Smart underfloor central heating
  • Electric slimline boiler and water tank
  • Pre-wired for high speed fibre broadband and pay TV connectivity
  • USB electric sockets in bedroom
  • TV and cable point in living room and bedroom
  • EPC rating C

Notes

The listings particulars haven't yet been reviewed by the vendor and are therefore not final.

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

Tenancy

RENT

£13,200 p.a. / £1,100 pcm

TENANCY DEPOSIT

£1,269

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

-1 months ago

TENANCY AGREEMENT ENDS

9/26/2020

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

£13,200

Equivalent of £1,100 per calendar month (PCM).

GROSS RENTAL YIELD

6.1%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£9,037

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

4.2%

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

FULLY MANAGED OPERATING COSTS

£4,163

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 Woking, Surrey

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.

Goldsworth Road,

Woking,

Surrey,

England,

GU21 6LE

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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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