1 bed Flat For Sale £175,000
Cedar Close, London SE21

This is an investment opportunity to purchase an apartment in London generating £850 rent pa and a gross yield of 5.8%.

Please note that there is an age limit (55+) for occupants, leaseholders or tenants, due to the type of asset.

Leasehold information

Length of lease: 125 years
Start of lease: 1986

Property information

Located on the ground floor
Property was refurbished in 2017, see details below
EPC rating B
Current tenant has been living at this property since 2018
The management company of the property employs a resident caretaker

Refurbishment information

Installed new bathroom
Installed new kitchen
Layed new carpet throughout
Completely redecorated

Summary

1 bedroom; 1 bathroom; 1 reception
Price: £175,000 Leasehold
Ground rent: £100
Service charge: £2,100
Length of lease: 125 years
Year lease started: 1986
Rental income: £850 pcm; £10,200 pa
Gross yield: 5.8%
Tenancy type: AST
Tenancy start date: 04/10/2019
Tenancy end date: 03/10/2020

ves-SE21-001

The documents relating to the property are the latest available at the date of listing. Certain documents may expire or become inaccurate over time.