2 Bed Flat For Sale Rosendale Road, London, SE21

£475,000- Flat

1 of 6
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Last Updated: 8th May 2024

Description

An opportunity to purchase 2 ground floor flats in a period converted Victorian town-house. \r
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17A Rosendale Road is a 1 bedroom flat measuring 430sqft internally with private garden to the rear of the property. 17A was fully refurbished in 2023 including a new 30kw 'A Rated' boiler. 17D Rosendale Road is a studio flat measuring 322sqft internally. Other flats within the building that are not included in the sale are a studio flat at ground floor rear, 2 bedroom flat at first floor and 2 bedroom flat at second floor. \r
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Both flats are in fair decorative condition are owned on one leasehold title for which a new 999 year virtual freehold is being granted. Flat 17D (Studio) is being sold let on an AST \r
for £15,000 per annum and Flat 17A (1-Bed) will be sold with vacant possession however has market rental value of £19,200 per annum. This equates to a rental income of £34,200 reflecting a 7.2% gross investment yield.
Agent Details
Acorn New Homes
9 St. Marks Road Bromley BR2 9HG

Investment Analysis

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Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested