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3 bed Flat For Sale £375,000
Kinglake Estate, London SE17


Description
This is an investment opportunity to purchase an apartment in London generating £20,020 rent pa & gross yield of 5.3%.

Leasehold information

  • Length of lease: 125 years
  • Year lease started: 2004
  • Years left on lease: 107 years (from 2022)
  • Ground rent review period: Tbc
  • Service charge review period: Tbc


Property information

  • Located on the third floor
  • 3 good sized bedrooms
  • 1 kitchen
  • 1 reception room with access to a private balcony
  • 1 bathroom
  • EPC rating D
  • The property is let to the local council who manages the tenants
  • Current monthly rental income £1,668.33 (£385 per calendar week)


Recent works carried out

  • A brand new boiler was installed in December 2021
  • A new hob was installed in the summer of 2021
  • The property was repainted and had new carpets laid approximately 3 years ago


Location information

  • The property is located in the London Borough of Southwark
  • Old Kent Road with all its amenities and local shops is a short walk from the property
  • There is a bus stop with 8 regular services which can be reached within 5 minutes
  • Burgess Park with its lake, sports centre and sports pitches is a 10minute walk away
  • Will be 100 metres away from one of the planned extended Bakerloo Line stations, if formally approved

Follow the link for more information: 
        
zoopla.co.uk
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