2 bedroom apartment

Coniston Avenue, Essex RM19 1PG

Size: 50 sqm

Purchase price

£215,000

Size: 50 sqm

SQM

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £10,500
Ground rent £906
Service charge £1,317
Lettings fees £756
Net income £7,521
Gross yield 4.88%
Net yield 3.50%

Fantastic investment opportunity with a yield of 6.54% perfect for first time investors! Third floor two bedroom apartment in Purfleet, Essex. Only 20 minutes away from London!


This bright and spacious third floor apartment comprises of an open plan living and kitchen area with a fully fitted kitchen including an oven, dishwasher, washing machine, fridge-freezer and appliances complete with laminate flooring throughout; two generously sized, carpeted, double bedrooms, one of which has an en-suite and a master bathroom with 3-piece bathroom suite. The property also boasts a secure entry system with permit parking.

Coniston Avenue is located 10 minutes away from Purfleet station from which it is only a 20 minute journey into London which makes this property perfect for tennants who commute into London. Coniston Avenue is also only a 10 minute drive away from the Lakeside Retail Park which is home to an Intu shopping centre, Costco and Ikea as well as being extremely close to other amenities such as supermarkets, restaurants, pubs and cafes.

House prices are considerably lower than the capital of London and have seen a fantastic increase in price in excess of a 43% increase over the past 5 years alone in the area! (Zoopla – October 2018). With the steady rising house prices in Purfleet, as well as the high demand from tenants wanting to live in the area combined, makes for a perfect investment opportunity with longevity.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Interested in this property? Enquire today for more information

Key features

Key features

20 minute journey into London

Key features

Fitted kitchen

Key features

Secure entry system

Key features

Kitchen appliances included

Key features

En-suite

Key features

Double bedrooms

Key features

Close to local amenities

Key features

Un-furnished

Key features

Close to public transport

Key features

Permit parking

Fantastic investment opportunity with a yield of 6.54% perfect for first time investors! Third floor two bedroom apartment in Purfleet, Essex. Only 20 minutes away from London! More info...

This bright and spacious third floor apartment comprises of an open plan living and kitchen area with a fully fitted kitchen including an oven, dishwasher, washing machine, fridge-freezer and appliances complete with laminate flooring throughout; two generously sized, carpeted, double bedrooms, one of which has an en-suite and a master bathroom with 3-piece bathroom suite. The property also boasts a secure entry system with permit parking.

Coniston Avenue is located 10 minutes away from Purfleet station from which it is only a 20 minute journey into London which makes this property perfect for tennants who commute into London. Coniston Avenue is also only a 10 minute drive away from the Lakeside Retail Park which is home to an Intu shopping centre, Costco and Ikea as well as being extremely close to other amenities such as supermarkets, restaurants, pubs and cafes.

House prices are considerably lower than the capital of London and have seen a fantastic increase in price in excess of a 43% increase over the past 5 years alone in the area! (Zoopla – October 2018). With the steady rising house prices in Purfleet, as well as the high demand from tenants wanting to live in the area combined, makes for a perfect investment opportunity with longevity.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

  • Key features
    Tick Desktop 20 minute journey into London
    Tick Desktop Fitted kitchen
    Tick Desktop Secure entry system
    Tick Desktop Kitchen appliances included
    Tick Desktop En-suite
    Tick Desktop Double bedrooms
    Tick Desktop Close to local amenities
    Tick Desktop Un-furnished
    Tick Desktop Close to public transport
    Tick Desktop Permit parking
  • 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 £10,500
Ground rent £906
Service charge £1,317
Lettings fees £756
Net income £7,521
Gross yield 4.88%
Net yield 3.50%

*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.