1 bedroom flat for sale

Overview

Investment Consideration: Gross Initial Yield: 7.02% Rental Income: £14,400 p.a. VAT is NOT applicable to this property Comprises 1-bedroom second floor flat with one garage Double glazing and communal entrance with entry phone system Nearby occupiers within 10 min walk include Sainsbury`s, Aldi, KFC and more. Property Description: Comprises 1-bedroom flat at second floor. The property has a double glazing and benefits from 1 garage, providing the following accommodation and dimensions: Second Floor: 43 sq m (458 sq ft) Living/Dining, Kitchen, 1 Bedroom, Bathroom Tenancy: The property is at present let on AST to an Individual for a term of 12 Months from 23rd March 2024 at a current rent of £14,400 p.a. Deposit held of £1,384. Tenure: Lond Leasehold. Held for a term of 110 years from 29th September 2001 at a ground rent of £125 p.a. and a Service charge of £1,312 p.a. Location: Forestdale is a residential neighbourhood of southeast London in the London Borough of Croydon. The property is situated in a quiet cul-de-sac location within walking distance of the local shopping parades in Selsdon Road and bus routes into central Croydon. Nearby occupiers within 10 min walk include Sainsbury`s, Aldi, KFC and more.