1 bedroom apartment

Ross Road, Wallington SM6 8QP

Size: sqm

Purchase price

£225,000

Size: sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £10,920
Ground rent £150
Service charge £1,368
Net income £9,402
Gross yield 4.85%
Net yield 4.18%

yieldit are pleased to present this excellent tenanted investment opportunity generating an impressive 5% yield. Please note there are 62 years remaining on the lease and a lease extension of 110 years has been offered at a cost of £26,540. The ground rent would be £150 per annum and reviewable every 15 years to RPI.

This wonderful apartment is located on the top (second) floor in a purpose-built residential block. The accommodation has an abundance of natural light ensuring a light and airy feel throughout and compromises of; an entrance hall; spacious double bedroom; a modern fully-fitted kitchen complete with appliances; a family bathroom with white three-piece suite; a good-sized, carpeted living room and a large loft ideal for storage. Residents of the development have the benefit of intercom access, wall mounted electric heaters, double glazing, well-maintained communal gardens and allocated parking.

Ross Road is conveniently situated to easily access Wallington High Street which provides local amenities and a great selection of shops and restaurants. The town centre also has a gym, library, healthcare centre and parks such as Beddington Park and Mellows Park. Wallington offers brilliant public transport links via road and rail, with Wallington station providing regular services to central London making it perfect for commuters.

Now is a brilliant time to invest in property in the London Borough of Sutton, the Council have committed to a period of significant regeneration for it’s town centre to transform it into a vibrant and bustling destination with a strong economy. £26million was recently invested in St Nicholas shopping centre and there are further plans to create music venues, a rooftop garden and street food stalls. Enquire today to discuss this exciting property investment opportunity.

ATTENTION INVESTORS - GENERATE INSTANT INCOME ON THIS TENANTED INVESTMENT OPPORTUNITY YIELDING 5% NET! A brilliant second floor apartment in a purpose built block with allocated parking, within easy reach of central London. Enquire today.

Interested in this property? Enquire today for more information

Key features

Key features

Ready made property investment opportunity

Key features

Superb 5% NET yield

Key features

Second (top) floor apartment

Key features

Purpose-built residential development

Key features

One spacious double bedroom

Key features

Modern fully-fitted kitchen with appliances

Key features

Intercom access

Key features

Well-maintained communal gardens

Key features

Allocated parking space

Key features

Close to local amenities and transport links

ATTENTION INVESTORS - GENERATE INSTANT INCOME ON THIS TENANTED INVESTMENT OPPORTUNITY YIELDING 5% NET! A brilliant second floor apartment in a purpose built block with allocated parking, within easy reach of central London. Enquire today. More info...

yieldit are pleased to present this excellent tenanted investment opportunity generating an impressive 5% yield. Please note there are 62 years remaining on the lease and a lease extension of 110 years has been offered at a cost of £26,540. The ground rent would be £150 per annum and reviewable every 15 years to RPI.

This wonderful apartment is located on the top (second) floor in a purpose-built residential block. The accommodation has an abundance of natural light ensuring a light and airy feel throughout and compromises of; an entrance hall; spacious double bedroom; a modern fully-fitted kitchen complete with appliances; a family bathroom with white three-piece suite; a good-sized, carpeted living room and a large loft ideal for storage. Residents of the development have the benefit of intercom access, wall mounted electric heaters, double glazing, well-maintained communal gardens and allocated parking.

Ross Road is conveniently situated to easily access Wallington High Street which provides local amenities and a great selection of shops and restaurants. The town centre also has a gym, library, healthcare centre and parks such as Beddington Park and Mellows Park. Wallington offers brilliant public transport links via road and rail, with Wallington station providing regular services to central London making it perfect for commuters.

Now is a brilliant time to invest in property in the London Borough of Sutton, the Council have committed to a period of significant regeneration for it’s town centre to transform it into a vibrant and bustling destination with a strong economy. £26million was recently invested in St Nicholas shopping centre and there are further plans to create music venues, a rooftop garden and street food stalls. Enquire today to discuss this exciting property investment opportunity.

  • Key features
    Tick Desktop Ready made property investment opportunity
    Tick Desktop Superb 5% NET yield
    Tick Desktop Second (top) floor apartment
    Tick Desktop Purpose-built residential development
    Tick Desktop One spacious double bedroom
    Tick Desktop Modern fully-fitted kitchen with appliances
    Tick Desktop Intercom access
    Tick Desktop Well-maintained communal gardens
    Tick Desktop Allocated parking space
    Tick Desktop Close to local amenities and transport links
  • 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 £10,920
Ground rent £150
Service charge £1,368
Net income £9,402
Gross yield 4.85%
Net yield 4.18%

*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.