Fraser Close, London, E6 5TB
- PROPERTY TYPE
Maisonette
- BEDROOMS
1
- BATHROOMS
1
- SIZE
506 sq ft
47 sq m
Key features
- *PLEASE QUOTE REFERENCE AH1265*
- Private patio garden
- Private garage
- Quiet residential cul-de-sac
- Scope to modernise
- 55-year lease
- Excellent transport links and local amenities
- Ideal investment or first-time cash purchase
Description
CASH BUYERS ONLY *SHORT LEASE*
We are delighted to present this well-proportioned one-bedroom first floor maisonette, offering an excellent opportunity for both investors and first-time buyers. Situated within a quiet residential cul-de-sac, the property benefits from a private patio garden, a separate garage and approximately 47 sq m (506 sq ft) of internal floor space (excluding garage).
The property comprises a bright reception room, separate fitted kitchen, spacious double bedroom and bathroom. Whilst well maintained, the property also offers scope for cosmetic modernisation, allowing a purchaser to enhance both its appeal and long-term value.
A particular feature of the property is the private garage, providing secure off-street parking or valuable additional storage. The garage also presents an opportunity to generate a separate rental income, subject to the terms of the lease. Alternatively, purchasers may wish to explore the potential to incorporate the garage into the existing accommodation to create additional living space, subject to obtaining all necessary planning permissions. Interested parties should make their own enquiries with the relevant authorities and professionals regarding the feasibility of any such conversion.
From an investment perspective, the property offers an immediate income-producing asset with long-term tenants already in occupation. It currently generates a gross annual rental income of £15,000, with the potential to increase this to approximately £19,200 per annum, in line with current market rental values, subject to prevailing market conditions and any applicable legislation.
The existing tenants have occupied the property for a considerable period and have maintained an excellent historic rent payment record, providing purchasers with the benefit of an established and reliable income stream from completion.
Considering the competitive purchase price, immediate rental income, future rental growth potential and the additional benefit of the private garage, this represents an excellent opportunity to acquire an investment capable of delivering an attractive yield whilst also offering long-term capital appreciation.
The property is offered with a 55-year lease, and the asking price has been carefully positioned to reflect the remaining lease term, presenting an opportunity for purchasers seeking value and future upside.
Conveniently located close to local amenities, transport links and green open spaces, Fraser Close enjoys excellent connectivity into Central London whilst retaining the benefits of a peaceful residential setting.
Highlights
- Current gross rental income: £15,000 per annum
- Can be sold with Vacant Possession
- Estimated market rental income: Approximately £19,200 per annum (subject to market conditions and statutory requirements)
- Long-term tenants currently in occupation
- Excellent historic rent payment record
- Immediate rental income from completion
- Private garage providing secure parking or additional storage
- Potential for separate garage rental income (subject to lease provisions)
- Potential to create additional living accommodation by incorporating the garage, subject to all necessary planning permissions, Building Regulations approval and leaseholder consents
- Opportunity to enhance future rental yield
- Excellent long-term investment potential
Please get in touch for more details and to book a viewing
- 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.
- No parking
- GARDENA property has access to an outdoor space, which could be private or shared.
- Private garden
- 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
Fraser Close, London, E6 5TB
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Affordability
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference S1805227. 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 eXp UK, London. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.