Block of Apartments

Upton Park Road, London E7 8LD

Size: sqm

Purchase price

£600,000

Size: sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £27,000
Net income £27,000
Gross yield 4.5%
Net yield 4.50%

We’re pleased to offer to the market an exciting investment opportunity in the ever popular and growing East London borough of Newham. The freehold property has been remodelled into two self contained flats, each flat is entirely well presented and contains spacious living room; fully-fitted kitchen; high quality bathroom and good sized bedrooms. The property benefits from a corner position, boasting a garden, garage and plot of land which is an ideal development opportunity (STPP). There is potential for up to four or five units to be built which would increase the properties value to around £1.4million. Both flats are already tenanted producing £27,000 rental income per annum which is a healthy yield of 4.5% NET.

Newham is quickly becoming a hotbed for young professionals due to its affordability and having exceptional public transport links, it’s the perfect base for those working in the City of London and Canary Wharf. Upton Park Station is just 0.5 a mile and Forest Gate Station, which is on the Elizabeth Line is just 1 mile from the property. Newham also attracts a large student population, with two University of East London campuses based in the borough where 13,500 students from 135 counties are enrolled, meaning there will be continuous demand for rental properties in the area and of those studying in more expensive parts of the capital.

Newham has benefited from extensive regeneration in recent years but still provides fantastic value for money for buy-to-let investors. The East London borough has ambitious plans for the future with major investment in the Royal Docks, a unique waterfront and a growing home for business and culture, with plans for up to seven million square foot of commercial space and incentives to attract foreign investment. It is expected that 35,000 jobs will be created as a result and up to 60,000 in the wider area, which is great news for tenant demand and property prices in the area.

OUTSTANDING INVESTMENT AND DEVELOPMENT OPPORTUNITY! Well presented end terraced property consisting of two self contained flats, a garage and plot of land.

Interested in this property? Enquire today for more information

Key features

Key features

Fantastic investment

Key features

Already tenanted producing immediate returns

Key features

Two self contained flats (1 and 2 bed)

Key features

4.5% NET yield

Key features

Garage and plot of land included

Key features

Ideal renovation and development project (STPP)

Key features

In superb internal condition

Key features

Potential value of up to £1.4million if developed

Key features

Excellent location

Key features

Walkthrough videos available upon request

Key features

Freehold

OUTSTANDING INVESTMENT AND DEVELOPMENT OPPORTUNITY! Well presented end terraced property consisting of two self contained flats, a garage and plot of land. More info...

We’re pleased to offer to the market an exciting investment opportunity in the ever popular and growing East London borough of Newham. The freehold property has been remodelled into two self contained flats, each flat is entirely well presented and contains spacious living room; fully-fitted kitchen; high quality bathroom and good sized bedrooms. The property benefits from a corner position, boasting a garden, garage and plot of land which is an ideal development opportunity (STPP). There is potential for up to four or five units to be built which would increase the properties value to around £1.4million. Both flats are already tenanted producing £27,000 rental income per annum which is a healthy yield of 4.5% NET.

Newham is quickly becoming a hotbed for young professionals due to its affordability and having exceptional public transport links, it’s the perfect base for those working in the City of London and Canary Wharf. Upton Park Station is just 0.5 a mile and Forest Gate Station, which is on the Elizabeth Line is just 1 mile from the property. Newham also attracts a large student population, with two University of East London campuses based in the borough where 13,500 students from 135 counties are enrolled, meaning there will be continuous demand for rental properties in the area and of those studying in more expensive parts of the capital.

Newham has benefited from extensive regeneration in recent years but still provides fantastic value for money for buy-to-let investors. The East London borough has ambitious plans for the future with major investment in the Royal Docks, a unique waterfront and a growing home for business and culture, with plans for up to seven million square foot of commercial space and incentives to attract foreign investment. It is expected that 35,000 jobs will be created as a result and up to 60,000 in the wider area, which is great news for tenant demand and property prices in the area.

  • Key features
    Tick Desktop Fantastic investment
    Tick Desktop Already tenanted producing immediate returns
    Tick Desktop Two self contained flats (1 and 2 bed)
    Tick Desktop 4.5% NET yield
    Tick Desktop Garage and plot of land included
    Tick Desktop Ideal renovation and development project (STPP)
    Tick Desktop In superb internal condition
    Tick Desktop Potential value of up to £1.4million if developed
    Tick Desktop Excellent location
    Tick Desktop Walkthrough videos available upon request
    Key features

    Freehold

  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £27,000
Net income £27,000
Gross yield 4.5%
Net yield 4.50%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.