2 bed Flat For Sale £220,000
Yieldit are delighted to offer to the market this ready made buy-to-let investment, already tenanted and yielding above 6% net, with a leasehold length in excess of 900 years. The first-floor apartment compromises entrance hallway, living room, two bedrooms, fully fitted modern kitchen and bathroom with shower cubicle. The property also benefits from an off-street parking space.
Monarch Parade is ideally positioned on the high street in the heart of Mitcham, meaning it’s within walking distance of a fantastic range of amenities, an array of shops, supermarkets and eateries. The location appeals to a wide demographic being within close proximity of upper and lower schooling making it very popular with families who still wish to be close to the City.
Mitcham is a leafy South London suburb with lots of open green spaces, such as the beautiful Mitcham Common which is less than a 20 minute walk from the property. Mitcham sits just three miles south-east of Wimbledon and has two train stations, Mitcham Eastfields and Mitcham Junction, meaning London can be reached in as little as 20-30 minutes. The area is well served by bus and tram services, making it an ideal commuter base which is sure to keep rental demand high.
The average price of a flat in Mitcham stands at £301,802 and property prices in the CR4 postcode rose 3% in the last year and by 8% since 2020, which makes it a fantastic location to invest on property. Mitcham is earmarked as an area to watch as over the next few years, expected to become a property hotspot and it’s face dramatically change with new high-quality housing so be ahead of the game and find out more about this investment opportunity today.
Financial Breakdown
Gross rent: £15,000
Ground rent: £50
Service charge: £1,153
Net income: £13,797
Gross yield: 6.82%
Net yield: 6.27%
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-07190
Monarch Parade is ideally positioned on the high street in the heart of Mitcham, meaning it’s within walking distance of a fantastic range of amenities, an array of shops, supermarkets and eateries. The location appeals to a wide demographic being within close proximity of upper and lower schooling making it very popular with families who still wish to be close to the City.
Mitcham is a leafy South London suburb with lots of open green spaces, such as the beautiful Mitcham Common which is less than a 20 minute walk from the property. Mitcham sits just three miles south-east of Wimbledon and has two train stations, Mitcham Eastfields and Mitcham Junction, meaning London can be reached in as little as 20-30 minutes. The area is well served by bus and tram services, making it an ideal commuter base which is sure to keep rental demand high.
The average price of a flat in Mitcham stands at £301,802 and property prices in the CR4 postcode rose 3% in the last year and by 8% since 2020, which makes it a fantastic location to invest on property. Mitcham is earmarked as an area to watch as over the next few years, expected to become a property hotspot and it’s face dramatically change with new high-quality housing so be ahead of the game and find out more about this investment opportunity today.
Financial Breakdown
Gross rent: £15,000
Ground rent: £50
Service charge: £1,153
Net income: £13,797
Gross yield: 6.82%
Net yield: 6.27%
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-07190
