Fanshawe Avenue, Barking
- PROPERTY TYPE
Flat
- BEDROOMS
3
- BATHROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Two residential properties
- Investment or First Time Buyer Opportunity
- Spacious rooms
- In heart of Barking
- Close to Amenities and Transport Links
- Good yields for rental
Description
Welcome to Fanshawe Avenue, consists of two blocks of residential flats, one studio and one two bedroom, located in the desirable area of Barking. These flats are currently tenanted, providing a steady and rewarding stream of rental income for the present landlord and ideal for investors looking for a solid opportunity.
The properties feature generously proportioned rooms that offer ample living space, complemented by convenient storage solutions. Each unit includes a cosy lounge perfect for relaxation, a well-equipped kitchen to cater to culinary needs, and well-maintained bathrooms that promise comfort and functionality.
Investment Highlights:
Annual Gross Income : The properties collectively bring in £30,000 per year, showcasing their potential for generating substantial rental earnings.
Long-term Tenancy : With a stable tenant base, these flats minimize turnover costs and ensure continuity of income.
Property Features : Spacious layouts and essential amenities make these flats highly attractive to renters, ensuring low vacancy rates.
Freehold
THE LOCATION Situated in Barking, Fanshawe Avenue benefits from a prime location that combines the tranquility of a residential area with the convenience of urban living. Barking is a vibrant and diverse community, offering a wide array of amenities and services to its residents. The property is just a short distance from Barking Town Centre, where you'll find an excellent selection of shops, restaurants, and cafes catering to all tastes.
The area is well-served by public transport, with Barking Station providing quick and easy access to Central London via the District and Hammersmith & City lines, as well as the C2C train services. For those who prefer to drive, major road links such as the A13 and North Circular Road are easily accessible, connecting you to the wider London area and beyond.
STUDIO APARTMENT One spacious double bedroom
Separate excellent Kitchen
Good size paved backyard
FIRST FLOOR APARTMENT Two spacious bedrooms
Lounge
Kitchen
Bathroom
Brochures
John Alexander - ...- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Fanshawe Avenue, Barking
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Visit our security centre to find out moreDisclaimer - Property reference 103646013440. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by John Alexander, Colchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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