Purley Way, Croydon
- PROPERTY TYPE
Terraced
- BEDROOMS
2
- BATHROOMS
1
- 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.
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Key features
- Tenanted investment generating £17,892 per annum
- Immediate income from tenants in situ
- Freehold ownership
- 6.4% current gross yield
- Potential to increase yield to 7.3%
- Attractive £280,000 entry price in Greater London
Description
An excellent opportunity to acquire a tenanted freehold investment property in Croydon, generating an immediate rental income of £17,892 per annum from long-term tenants in situ.
This attractive two-bedroom property benefits from two reception rooms and is offered at a competitive asking price of £280,000, producing a current gross yield of 6.39%. Investors may also have the opportunity to enhance returns, with estimated rental potential of £1,700 PCM (£20,400 per annum), equating to a potential gross yield of approximately 7.3%.
With no need to source tenants upon completion, this income-producing asset offers immediate cash flow and long-term investment potential in a well-established Greater London location.
Investment Highlights
Freehold investment opportunity
Tenants in situ producing £1,491 PCM
Annual rental income of £17,892
Current gross yield of 6.4%
Potential rental income of £1,700 PCM
Potential gross yield of 7.3%
Two-bedroom property
Two reception rooms
EPC Rating D
Ideal addition to an existing buy-to-let portfolio
- 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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Energy performance certificate - ask agent
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Visit our security centre to find out moreDisclaimer - Property reference 299-purley-way. 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 Pure, Manchester. 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.