1 bed Flat For Sale £240,000
Yieldit are pleased to offer to market this excellent one-bedroom apartment located in the investment hot spot of Battersea, with a fantastic net yield. The apartment consists of a spacious open plan living and dining area, bedroom and three piece suite bathroom. The apartment comes with an allocated parking space, on-site gym, swimming pool and is situated in a gated community. It is located on the fifth floor with beautiful views.
Battersea is just a short distance away from surrounding areas Chelsea, Fulham and Clapham Junction making it the perfect location for commuters with the tube being less than half a mile walk away. Overall, sold prices in Battersea over the last year were 9% up on the previous year and 3% up on the 2018 peak of £975,173.
Battersea Power Station also being close by, is at the heart of one of central London’s largest, most visionary and eagerly anticipated new developments, which will see this vast 42-acre (over 8 million sq ft) former industrial brownfield site become home to a community of homes, shops, bars, restaurants, cafes, offices and over 19 acres of public space.
The £9bn project will see the creation of a vibrant, mixed-use development, a new neighbourhood and business quarter for London, serviced by a Zone 1 extension to the London Underground Northern Line and the restoration of the Grade II* listed Power Station. 25,000 people will live and work here when the development is complete, creating one of London’s largest office, retail, leisure and cultural quarters. All phases of the power station will be fully completed by 2033.
Financial Breakdown
Gross rent: £16,320
Service charge: £2,800
Lettings fees: £0
Net income: £13,520
Gross yield: 6.8%
Net yield: 5.63%
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-07128
Battersea is just a short distance away from surrounding areas Chelsea, Fulham and Clapham Junction making it the perfect location for commuters with the tube being less than half a mile walk away. Overall, sold prices in Battersea over the last year were 9% up on the previous year and 3% up on the 2018 peak of £975,173.
Battersea Power Station also being close by, is at the heart of one of central London’s largest, most visionary and eagerly anticipated new developments, which will see this vast 42-acre (over 8 million sq ft) former industrial brownfield site become home to a community of homes, shops, bars, restaurants, cafes, offices and over 19 acres of public space.
The £9bn project will see the creation of a vibrant, mixed-use development, a new neighbourhood and business quarter for London, serviced by a Zone 1 extension to the London Underground Northern Line and the restoration of the Grade II* listed Power Station. 25,000 people will live and work here when the development is complete, creating one of London’s largest office, retail, leisure and cultural quarters. All phases of the power station will be fully completed by 2033.
Financial Breakdown
Gross rent: £16,320
Service charge: £2,800
Lettings fees: £0
Net income: £13,520
Gross yield: 6.8%
Net yield: 5.63%
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-07128
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