1 bedroom apartment

Connell Court, Myers Lane, London SE14 5RZ

Size: 36 sqm

Purchase price

£250,000

Size: 36 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £12,000
Service charge £2,000
Lettings fees £2,160
Net income £7,840
Gross yield 4.8%
Net yield 3.14%

Earn income immediately on this tenanted investment! Attractive one bedroom apartment with great transport links!


This attractive one-bedroom apartment on the second floor of a well-kept block in New Cross Gate consists of a bright reception room, fitted kitchen, large double bedroom and modern bathroom. Great added benefits include gas central heating and double-glazed windows throughout.

Situated on Myers Lane – a quiet cul-de-sa – the property has excellent transport links, with both New Cross Gate (Overground) and South Bermondsey train station both less than half a mile away. The area of New Cross is becoming extremely popular with investors looking to be a part of the booming London market, with 23% of the properties in the area being in the privately rented sector. House prices in the area have risen by 17.8% in the last 4 years and the average sold price is still 24.9% lower than the London average making it a great choice for new buyers who are choosing to invest in the area over other more expensive parts of London, largely due to the good value period property, fantastic amenities and great schools.

South East London in general is a first-time buyer hotspot and with the plans for the area to see even further regeneration now is the time to invest!

Interested in this property? Enquire today for more information

Key features

Key features

Tenanted for immediate return on investment

Key features

3.14% NET Yield

Key features

1 bedroom apartment

Key features

Less than half a mile from Overground and Train

Key features

Fitted kitchen

Key features

Permit Parking

Key features

Secure entry system

Key features

Fully furnished

Earn income immediately on this tenanted investment! Attractive one bedroom apartment with great transport links! More info...

This attractive one-bedroom apartment on the second floor of a well-kept block in New Cross Gate consists of a bright reception room, fitted kitchen, large double bedroom and modern bathroom. Great added benefits include gas central heating and double-glazed windows throughout.

Situated on Myers Lane – a quiet cul-de-sa – the property has excellent transport links, with both New Cross Gate (Overground) and South Bermondsey train station both less than half a mile away. The area of New Cross is becoming extremely popular with investors looking to be a part of the booming London market, with 23% of the properties in the area being in the privately rented sector. House prices in the area have risen by 17.8% in the last 4 years and the average sold price is still 24.9% lower than the London average making it a great choice for new buyers who are choosing to invest in the area over other more expensive parts of London, largely due to the good value period property, fantastic amenities and great schools.

South East London in general is a first-time buyer hotspot and with the plans for the area to see even further regeneration now is the time to invest!

  • Key features
    Tick Desktop Tenanted for immediate return on investment
    Tick Desktop 3.14% NET Yield
    Tick Desktop 1 bedroom apartment
    Tick Desktop Less than half a mile from Overground and Train
    Tick Desktop Fitted kitchen
    Tick Desktop Permit Parking
    Tick Desktop Secure entry system
    Tick Desktop Fully furnished
  • 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 £12,000
Service charge £2,000
Lettings fees £2,160
Net income £7,840
Gross yield 4.8%
Net yield 3.14%

*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.