2 pictures
Flat
·
for sale
£ 250,000
New
1 bed flat for sale
Heathstan Road W12 London
· 1 Bedroom · Flat
· Parking
Heathstan Road W12 London · 1 Bedroom · Flat · Parking
Investment at a Glance Asking price: 250,000 Current rental income: 1,500 pcm / 18,000 per annum Gross rental yield: 7.2% Current service charge: 1,200 per annum Current ground rent: 400 per annum Annual income after service charge and ground rent: 16,400 Yield after these two charges: 6.56%, before other costsThese figures exclude management fees, repairs, insurance, void periods, financing, tax and purchase costs. Property & Current Tenancy The property comprises one bedroom and one bathroom, with on-street permit parking. The current occupants are a couple, both employed locally: one in hospitality and the other at a local hospital. Further tenancy details and rental payment history can be requested. Potential Benefit From Ground Rent Reform The Government has proposed a 250 annual cap on ground rents for existing residential leases, reducing to a peppercorn (effectively zero) after 40 years. If implemented as proposed and applicable to this lease, this would save 150 per annum agai
Investment at a Glance Asking price: 250,000 Current rental income: 1,500 pcm / 18,000 per annum Gross rental yield: 7.2% Current service charge: 1,200 per annum Current ground rent: 400 per annum Annual income after service charge and ground rent: 16,400 Yield after these two charges: 6.56%, before other costsThese figures exclude management fees, repairs, insurance, void periods, financing, tax and purchase costs. Property & Current Tenancy The property comprises one bedroom and one bathroom, with on-street permit parking. The current occupants are a couple, both employed locally: one in hospitality and the other at a local hospital. Further tenancy details and rental payment history can be requested. Potential Benefit From Ground Rent Reform The Government has proposed a 250 annual cap on ground rents for existing residential leases, reducing to a peppercorn (effectively zero) after 40 years. If implemented as proposed and applicable to this lease, this would save 150 per annum agai
£ 250,000