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York Close, London, E6

PROPERTY TYPE

Flat

BEDROOMS

1

BATHROOMS

1

SIZE

323 sq ft

30 sq m

Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • Studio Flat
  • Cash Buyers Only
  • Ideal Investment Opportunity
  • Currently Let at £1,000 PCM
  • Tenant in Situ
  • Approximately 54-Year Lease Remaining

Description

An excellent investment opportunity for cash buyers, this studio flat is currently let at £1,000 per calendar month, providing an immediate rental income of £12,000 per annum.

The property is being marketed primarily to cash buyers due to the lease having approximately 54 years remaining. It offers an attractive opportunity for investors looking for a property with an existing tenant in situ and potential to add value through a future lease extension.

The property is conveniently located for local shops, amenities and transport connections.

Lease: Approx. 54 years remaining
Service Charge: Approx. £84 per month
Current Rent: £1,000 PCM
Tenancy: Tenant in situ
Purchase: Cash buyers only

Lease, service charge and tenancy information should be confirmed by the buyer’s solicitor prior to exchange of contracts.


EPC Rating: E
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.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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York Close, London, E6

Approximate location

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Affordability

Monthly repayments£773
Property: £ 160,000
Deposit: £ 16,000
Interest rate: 4.99%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Recently sold & under offer
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Fora, 9 Dallington Street, London, EC1V 0LN

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Disclaimer - Property reference 54f4cccd-9e06-49a4-875e-9d0345e4be74. 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 Nested, Nationwide. 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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