Sherwood Gardens, London

ATTENTION INVESTORS - PURCHASE THIS READY MADE INVESTMENT PROPERTY!

Offered to the market as a ready-made investment, this adequately converted HMO apartment presents a fantastic opportunity to acquire a up and running HMO investment in London. The development is well located within walking distance of Canary Wharf meaning plenty of demand from a variety of tenant types. The apartment has a modern feel throughout and also benefits from an allocated parking space.

This style of investment is high in demand in the and provides a great opportunity for an established investor to expand their portfolio.

A look inside the property:

The property briefly comprises; Entrance hallway with storage, kitchen, family bathroom and four double bedrooms. Externally there are well maintained landscaped gardens as well as an allocated parking space included with the apartment.

Location:

Sherwood Gardens is situated in the vibrant area of the Isle of Dogs. The neighbourhood is within walking distance to Canary Wharf and is well-connected with various transportation options, offering easy access to the rest of London.

Canary Wharf and its surroundings are now home not only to billion pound businesses, but also a rapidly growing number of residents. These locals enjoy a world class selection of restaurants, shops and bars, many of which have waterside locations and fantastic views.

Financial Breakdown:

Occupancy: Tenanted
Tenure: Leasehold
Gross rent: £41,340
Gross yield: 8.3%

Service charge: Approx. £5500PA
Ground rent: Approx. £331PA
Utilities: Approx. £1800PA
Council tax: Approx. £1560PA
Lettings management: £4134PA

NET income: Approx. £28,015 PA
NET yield: Approx. 5.6%

Points of interest:

- Canary Wharf: Approx. 20 minutes walk
- Mudchute DLR: Approx. 5 minutes walk
- Greenwich market: Approx. 25 minutes walk
- City of London: Approx. 35 minutes via DLR
- The 02 stadium: Approx. 20 minutes public transport

Council tax: D