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31, Chadwin Road, London, E13 8ND

Guide price: £187,500.00|Auction date: 2021-10-06|Lot: -|Flat, Residential

Property details

ADDRESS31 Chadwin Road, London, E13 8ND
TYPEFlat, Residential
TENUREFor Sale Leasehold
TENANCYInvestment
POSTED ON15th September 2021

Description

Features
Auction Date: 6th & 7th October 2021
One bedroom ground floor flat
Open plan kitchen/ living room
Currently let at £975 pcm (£11,700 per annum)
Current gross yield of 6.24%
Approx. 42 Sq. M / 452 Sq. Ft (Taken from EPC)
Popular rental location
Several schools within a one-mile radius
Close to Custom House DLR (Excel Convention Centre & Elizabeth line Crossrail (2022)
Leasehold - 166 years remaining

Online Auction: 6th & 7th October 2021
•Guide Price: £187,500+
•Current income of £11,700 pa
•Leasehold - 166 years unexpired

The property is located on Chadwin Road, situated nearby local schools and Newham University Hospital. There are also a wide range of amenities within the surrounding area. The property benefits good road links being located less than five minutes from the A31. The property is also less than 30 minutes from London City Airport via public transport and approximately 15 minutes by vehicle.

The property is a purpose built one bedroom self-contained flat on the ground floor. The property comprises one bedroom, an open plan lounge/ kitchen, storage room and bathroom.

We have been advised that the property will require some refurbishment.

Accommodation
Approx. 42 Sq. M / 452 Sq. Ft
(Measurements taken from EPC)

Investment Analysis
The property is currently let at £975 pcm (£11,700 per annum), reflecting a current gross yield of 6.24%, based on the guide price. We have been advised the tenant will be vacating shortly.

Services
We understand the property has mains electricity, water, and drainage. However, interested parties should carry out their own investigations.

Tenure
Leasehold – approx. 166 years unexpired.

Guide Price
£187,500+

Buyer’s Premium
2% (min. £3,600) inc. VAT.

Location

marker
Location: 31 Chadwin Road, London, E13 8ND

Canning Town (0.9 miles)

Plaistow (1.0 miles)

Upton Park (1.1 miles)

Prince Regent (0.6 miles)

Custom House DLR (0.6 miles)

Custom House (0.6 miles)

Agent's details

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