1 Bed Flat For Sale Newington Causeway, London, SE1

£400,000- Flat

1 of 11
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Last Updated: 22nd April 2024

Description

Double Glazing | Dual Aspect Open Plan | 5th Floor | 538 Sq Ft | One Bedroom | Separate Dinning and Reception Room | Balcony | 24Hr Concierge | Swimming Pool | Jacuzzi | Gym | Right to Park | Zone 1 Location

A well maintained 5th floor apartment measuring 538 Sq Ft features a bright and spacious reception with an East facing, dual aspect windows and open plan fitted kitchen, large master bedroom, spacious bathroom and built-in storage. The apartment further features a terrace which is rare for the building.

This fantastic investment opportunity is currently acheiving a 6.8% gross yield. The current owners were previously using the apartment as a two bedroom with a partition wall installed however they have since removed the wall in order to sell.

Metro Central Heights is a highly sought after development which benefits from communal gardens, which is great for resident's, gym, indoor swimming pool, Jacuzzi and a 24Hr concierge service.

The development is adjacent to Elephant and Castle station which serves both the Bakerloo and Northern lines making it an ideal location for professionals working in the city.

Metro Central Heights has great amenities and is located right on the doorstep of this new developments as well as the area undergoing a huge £1.3 billon regeneration project underway providing several new shops, restaurants and venues for the years to come.

Lease - 976 remaining
Service charge - £4500 per annum
Ground rent - £150 per annum
Agent Details
MY LONDON HOME
231 Vauxhall Bridge Road, London, SW1V 1AD

Investment Analysis

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

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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Potential Return-on-Cash Invested