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.
Approx. 42 Sq. M / 452 Sq. Ft
(Measurements taken from EPC)
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.
We understand the property has mains electricity, water, and drainage. However, interested parties should carry out their own investigations.
Leasehold – approx. 166 years unexpired.
2% (min. £3,600) inc. VAT.