1 bed flat for sale

Tarling Street, London E1

Summary

Welcome to this bright and welcoming one-bedroom apartment, a truly excellent opportunity for anyone looking for a smart buy-to-let investment in a vibrant London location. Situated just a two-minute walk from Shadwell Station, this home offers unparalleled convenience for commuting and exploring the capital, making it a highly attractive prospect for tenants.

As you step inside, you'll find a comfortable and practical layout designed for modern city living. The reception room provides a flexible space, perfect for relaxing after a busy day or setting up a compact dining area. It's a room full of light, creating an inviting atmosphere that feels just right for unwinding. The thoughtful design ensures that every square foot is utilised effectively, offering a neat and low-maintenance living environment.

The kitchen, while compact, is perfectly functional for everyday needs, allowing you to prepare meals with ease. It's designed to be efficient, ensuring that you have everything you need within reach without feeling cluttered. This apartment is all about making life simpler and more enjoyable for its occupants.

Your bedroom is a peaceful retreat, offering a quiet space to rest and recharge. It's just the right size for a comfortable double bed and essential furnishings, providing a cosy and characterful haven. The apartment also includes a well-maintained bathroom, complete with all the necessary fittings, ensuring a comfortable and convenient experience for the tenant.

One of the real highlights of this property is its exceptional location. Beyond the immediate proximity to Shadwell Station, you'll find yourself within easy walking distance of the charming areas of Wapping and the picturesque St Katherine's Dock. Imagine leisurely strolls along the waterfront, enjoying the historic atmosphere, or discovering the array of independent cafes, restaurants, and shops that these areas have to offer. This connectivity to local amenities and cultural hotspots significantly enhances the appeal of the property for potential renters, ensuring consistent demand.

This apartment is being sold with a tenant already in situ, providing an immediate income stream from day one. Currently let at 1350 pcm, on a statutory periodic tenancy. This makes it an incredibly straightforward and appealing option for investors seeking a hassle-free addition to their portfolio. The current lease has a healthy 107 years remaining, offering long-term security and peace of mind for the new owner. This commitment to a well-maintained property, coupled with its prime location, makes it a standout feature in the current market.

This home is ready for its next chapter, offering a reliable and promising investment opportunity in one of London's most dynamic areas. It's a property that truly delivers on its promise of convenience and potential. Get in touch today to learn more about this excellent buy-to-let apartment - we'd love to provide you with all the details and help you take the next step.

Lease - 107 Years
Ground Rent - 250 pa
Service Charge - 3,150 pa

Council Tax Band: B
Tenure: Leasehold
Length Of Lease: 106
Annual Ground Rent Amount: 250.00
Annual Service Charge Amount: 2,260.00

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.