A First Floor Studio Flat Subject to a Periodic Tenancy Producing £13,200 Per Annum (Reflecting a Gross Initial Yield of 17.6%)
Flat 2, 309 Barking Road, Plaistow, London, E13 8EE
A first floor studio flat with bathroom, held on a 125-year lease from 2006 (approximately 104 years unexpired). The property is let on a periodic tenancy at £1,100 per month (£13,200 per annum), producing a gross initial yield of 17.6%.
Accommodation
- Studio Room
- Bathroom
Full description
A first floor studio flat situated within a mixed use parade arranged over ground and first floors. The property comprises a studio room and bathroom on the first floor. Situated on a residential road close to local shops and amenities, with Central Park within easy reach. Transport links are provided by East Ham underground station (Circle line) and Barking rail station. The property is held on a 125 year lease from 1st January 2006, with approximately 104 years unexpired. It is subject to a periodic tenancy at a rent of £1,100 per calendar month (£13,200 per annum), reflecting a gross initial yield of 17.6%.
Financial Tools
For illustration only. SDLT applies to England & Northern Ireland; rates and reliefs change. Seek independent financial advice before making decisions.
A Vacant Three Bedroom Mid Terrace House
Essex, IG1
A Well Located First Floor Former Two Bedroom Flat Now Arranged as a Large Studio Flat Subject to a Protected Tenancy Producing £6,219.20 Per Annum
London, SW10
A Three Bedroom Mid Terrace House. Offered with Vacant Possession. Potential for a Loft Extension (Subject to Obtaining all Relevant Consents)
Avon, BA1