2 bedroom apartment

Schoolgate Drive, Morden SM45BF

Size: 70 sqm

Purchase price

£360,000

Size: 70 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £15,588
Ground rent £295
Service charge £2,418
Net income £12,875
Gross yield 4.33%
Net yield 3.58%

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY! Spacious two bedroom apartment offering immediate income.


EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY!

yieldit are pleased to offer this modern 2 bedroom apartment located in the sought after Compass House development. Built in 2010, the property has been well kept and in immaculate condition comprising of: a fully equipped kitchen with high gloss units; wood effect laminate flooring throughout; 2 bathrooms with the master also benefitting from a walk in shower and two spacious bedrooms with the total area of the apartment being a generous 70 Sq. m. There is also one allocated parking space with the property and secure fob access.

With the introduction of a 24 hour underground train services as well as the increased awareness of its easy access into Wimbledon - the West End, the City and key commercial areas of Surrey, Morden is an up and coming area that has seen a 25% increase in online property searches over the last 12 months.

The housing stock in Morden varies and as result has attracted investors looking outside of the central London in recent years. With one and two bedroom flats lining many of the streets leading up to the underground station, landlords find the good transport links and varied property types make for a great buy-to-let market.

To the north of Morden Station is Merton Park. With its conservation area status, has made Morden is a highly desirable location.

Overall, Morden represents an area of London that so far has been undervalued and under-appreciated, but ballooning Central London property prices and the general trend towards redeveloping outlying areas means that Morden is increasingly being sought out as the next place to invest.

Interested in this property? Enquire today for more information

Key features

Key features

Instant Income

Key features

2 Bedrooms

Key features

2 Bathrooms

Key features

Modern

Key features

Walk-In Shower

Key features

Allocated Parking

Key features

Tenanted

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY! Spacious two bedroom apartment offering immediate income. More info...

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY!

yieldit are pleased to offer this modern 2 bedroom apartment located in the sought after Compass House development. Built in 2010, the property has been well kept and in immaculate condition comprising of: a fully equipped kitchen with high gloss units; wood effect laminate flooring throughout; 2 bathrooms with the master also benefitting from a walk in shower and two spacious bedrooms with the total area of the apartment being a generous 70 Sq. m. There is also one allocated parking space with the property and secure fob access.

With the introduction of a 24 hour underground train services as well as the increased awareness of its easy access into Wimbledon - the West End, the City and key commercial areas of Surrey, Morden is an up and coming area that has seen a 25% increase in online property searches over the last 12 months.

The housing stock in Morden varies and as result has attracted investors looking outside of the central London in recent years. With one and two bedroom flats lining many of the streets leading up to the underground station, landlords find the good transport links and varied property types make for a great buy-to-let market.

To the north of Morden Station is Merton Park. With its conservation area status, has made Morden is a highly desirable location.

Overall, Morden represents an area of London that so far has been undervalued and under-appreciated, but ballooning Central London property prices and the general trend towards redeveloping outlying areas means that Morden is increasingly being sought out as the next place to invest.


*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 £15,588
Ground rent £295
Service charge £2,418
Net income £12,875
Gross yield 4.33%
Net yield 3.58%

*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.