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2 bed flat for sale

£241,000

Gatwick House, Clemence Street, London, E14 7EH

Bedrooms2TypeFlatRent pcm1650FurnishedFurnished
TenureLeaseholdGround rent10Service charge1900
Tenanted/VacantTenantedAST details12 Monthsuntil
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Income generating probate property, sold at below market value price.

Original landlord (my father) passed away and beneficiary (our mother) became accidental landlord and we are looking to sell this ready-made investment.

This 2 bedroom ground floor apartment is let on an AST generating £19,800 per annum (over 8% yield).

Annual service charge and ground rent £1993 pa.
New combi boiler system fitted in 2023 to elevate EPC grade to C, and sold furnished including a new cooker.

Located a short walk from Mile End Tube station, minutes' walk from the flat to buses for direct links into Canary Wharf and Central London.
Short walk to all the local amenities.
Plenty of good restaurants on Burdett Road and Mile End Road. This is a great location!
Property is fully managed by a reputable managing agent.

Property has EWS1 Certificate with no remedial work needed.
Similar 2 bed flats in the area have sold for in excess of £300K.
89 Years lease remaining, but with leasehold reform, values for leasehold properties will increase!


Contact the Landlord / Seller about this property



Gross yield calculator

£
£
=
8.22%

Stamp duty calculator

£
 5%  Up to to £125,0006,250  7%  £125,001 to £250,0008,120 10%  £250,001 to £925,0000 15%  £925,001 to 1.5 million0 17%  Over £1.5 million0
=
£14,370

Nearest stations

Elmers End 0.7 milesNorwood Junction 1 milesBirkbeck 1 milesEden Park 1.3 milesSelhurst 1.4 milesDistances are straight line measurements