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Guide price £550,000+
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Residential · Terraced · Freehold

A Mid Terrace Building Arranged to Provide Two Self Contained Flats (1 x One Bedroom Flat and 1 x Three Bedroom Flat). Both Flats are Let on Assured Shorthold Tenancies Producing a Combined Income of £25,200 Per Annum.

33 Palamos Road, Leyton, London, E10 7JF

Property type
Terraced
Bedrooms
4
Bathrooms
2
Receptions
2
Tenure
Freehold

A mid terrace building converted into two self-contained flats (one one-bedroom and one three-bedroom), both let on assured shorthold tenancies producing a combined income of £25,200 per annum. The property is freehold and located on a residential road close to local amenities and transport links.

Two self-contained flats Assured shorthold tenancies Combined income £25,200 p.a. Freehold Close to transport links

Accommodation

  • Reception Room
  • Kitchen
  • Bedroom
  • Bathroom
  • Reception Room
  • Kitchen
  • Three Bedrooms
  • Bathroom

Full description

The property comprises a mid terrace house arranged over ground and first floors that has been converted to provide 1 x one bedroom flat and 1 x three bedroom flat. The accommodation comprises: Ground Floor (Flat A): Reception Room, Kitchen, Bedroom, Bathroom. First Floor (Flat B): Reception Room, Kitchen, Three Bedrooms, Bathroom. The property is situated on a residential road close to local shops and amenities. The open spaces of Leyton Jubilee Park are within easy reach. Transport links are provided by Leyton Midland Road overground station and Lea Bridge rail station. The property is freehold. Flat A is subject to an Assured Shorthold Tenancy for a term of 12 months commencing 2nd March 2021 at a rent of £1,000 per calendar month. Flat B is subject to an Assured Shorthold Tenancy for a term of 12 months commencing 2nd March 2021 at a rent of £1,100 per calendar month.

Financial Tools

Your estimated monthly payment
£2,292.81/mo
Deposit £137,500 (25%) Loan £412,500 Interest £275,343
Total cost £687,843 Total interest £275,343
Property price£550,000
Deposit25%
£137,500
Interest rate4.5%
Term25 yrs

For illustration only. SDLT applies to England & Northern Ireland; rates and reliefs change. Seek independent financial advice before making decisions.

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