2 bed Flat For Sale £360,000
Earn instant income on this already tenanted investment opportunity!
Yieldit are pleased to offer this modern 2 bedroom apartment located in the sought after Compass House development. Built in 2010, the property has been well kept and in immaculate condition comprising of: A fully equipped kitchen with high gloss units; wood effect laminate flooring throughout; 2 bathrooms with the master also benefitting from a walk in shower and two spacious bedrooms with the total area of the apartment being a generous 70 Sq. M. There is also one allocated parking space with the property and secure fob access.
With the introduction of a 24 hour underground train services as well as the increased awareness of its easy access into Wimbledon - the West End, the City and key commercial areas of Surrey, Morden is an up and coming area that has seen a 25% increase in online property searches over the last 12 months.
The housing stock in Morden varies and as result has attracted investors looking outside of the central London in recent years. With one and two bedroom flats lining many of the streets leading up to the underground station, landlords find the good transport links and varied property types make for a great buy-to-let market.
To the north of Morden Station is Merton Park. With its conservation area status, has made Morden is a highly desirable location.
Overall, Morden represents an area of London that so far has been undervalued and under-appreciated, but ballooning Central London property prices and the general trend towards redeveloping outlying areas means that Morden is increasingly being sought out as the next place to invest.
Financial Breakdown
Gross rent: £15,588
Ground rent: £295
Service charge: £2,418
Net income: £12,875
Gross yield: 4.33%
Net yield: 3.58%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-16072
Yieldit are pleased to offer this modern 2 bedroom apartment located in the sought after Compass House development. Built in 2010, the property has been well kept and in immaculate condition comprising of: A fully equipped kitchen with high gloss units; wood effect laminate flooring throughout; 2 bathrooms with the master also benefitting from a walk in shower and two spacious bedrooms with the total area of the apartment being a generous 70 Sq. M. There is also one allocated parking space with the property and secure fob access.
With the introduction of a 24 hour underground train services as well as the increased awareness of its easy access into Wimbledon - the West End, the City and key commercial areas of Surrey, Morden is an up and coming area that has seen a 25% increase in online property searches over the last 12 months.
The housing stock in Morden varies and as result has attracted investors looking outside of the central London in recent years. With one and two bedroom flats lining many of the streets leading up to the underground station, landlords find the good transport links and varied property types make for a great buy-to-let market.
To the north of Morden Station is Merton Park. With its conservation area status, has made Morden is a highly desirable location.
Overall, Morden represents an area of London that so far has been undervalued and under-appreciated, but ballooning Central London property prices and the general trend towards redeveloping outlying areas means that Morden is increasingly being sought out as the next place to invest.
Financial Breakdown
Gross rent: £15,588
Ground rent: £295
Service charge: £2,418
Net income: £12,875
Gross yield: 4.33%
Net yield: 3.58%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-16072
