Upton Park Road, London E7 8LD
Size: sqm
Purchase price
£600,000
Size: sqm
Tenanted
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
Fantastic investment
Already tenanted producing immediate returns
Two self contained flats (1 and 2 bed)
4.5% NET yield
Garage and plot of land included
Ideal renovation and development project (STPP)
In superb internal condition
Potential value of up to £1.4million if developed
Excellent location
Walkthrough videos available upon request
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... Less 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.
Freehold
*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.
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© 2022 yieldit | Privacy Policy | Terms & Conditions | Complaints Procedure
yieldit is a company registered in England and Wales. Registered number: 5236745.