Woodford, E18 2FJ | Investment Property for Sale | VES-E18-001

Tenanted apartment in Woodford, generating £16,500 in rent per annum and a gross yield of 3.9%

£420,000

Apartment

VES-E18-001

INITIAL INVESTMENT

£196,020

GROSS RENT / YIELD

£16,500 / 3.9%

NET RENT / YIELD

£10,164 / 2.4%

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£300

SERVICE CHARGE

£2,388

2 bedrooms

1 bathroom

1 reception room

TBC

Unfurnished

  • Length of lease: 125 years from Jan 2008

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

£16,500

Equivalent of £1,375 per calendar month (PCM).

GROSS RENTAL YIELD

3.9%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£10,164

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

2.4%

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

FULLY MANAGED OPERATING COSTS

£6,336

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 Woodford, NE London

Woodford is a district in the London Borough of Walthamstow, located in the outer region of North East London, 9.5 miles northeast of Charing Cross.

This area is serviced by Woodford London Underground station which lies on the Central Line in between South Woodford and Buckhurst Hill. Services from this station run on average every 6-11 minutes in each direction and Liverpool Street Station is about 35-minutes away southbound.

This property is situated a short half an hour journey from Westfield Stratford which is the fourth largest shopping centre in the UK and is home to over 350 stores and services. Also, as this property is in the capital all of one’s retail and dining requirements are only a short trip away via train which shall drop you in the centre of town where the world is truly your oyster.

In the City of London and surrounding areas there are thousands of job opportunities and there are more than numerous adequate travel options to get you there.

This location could be ideal for those with young children looking for educational options in walking distance. Churchfields Junior School and Snaresbrook Preparatory School are both in walking distance and offer mixed-sex schooling to the age of 11.

Queen Mary Avenue,

London,

Greater London,

England,

E18 2FJ

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