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Property Listing Details

Property details

  • 2 bedrooms
  • 1 bathroom
  • 1 reception room
  • Floor area 436 sq. ft

Features

  • 7.92% - 10% yield per year
  • Contractually guaranteed buy-back clause
  • Over £300.00 return each month
  • Comes with a guaranteed rent for 2-12 years
  • No service charge / No Stamp duty, No ground rent
  • Fully managed, no running costs

Listing view statistics

Last 30 days: 2442 page views

Since listed: 47623 page views

Description

Description This property is investment only. Either cash buyers or a minimum 50% deposit are accepted. All units come with a tenant, fully managed and with a fixed income return generated from the local authority.

This newly built static home has 2 or 3 bedrooms, an u-shaped kitchen and shower/bath spread over 432 sq ft. The property is fully managed and comes with a guaranteed rent of £3999,90 per annum paid by the local authority.

When we say fully managed we mean a tenant is provided and all repairs and maintenance are taken care of by the management company! The minimum term of investment is two years and can be renewed after 12 years. All units come with a guaranteed buy back option. These properties are not available for customers who wish to live in them as they come with a tenant for the full term, this is a static home on local authority land with a fixed income return paid monthly or quarterly.

2/3 bedroom static home for sale

7.92% - 10% return per year

Over £300 per month income

No Stamp duty No Service Charge, ground rent or upkeep

No landlord's insurance

You could get

Superfast broadband Superfast broadband

Up to 54.9 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Bow Road 0.2 miles
  • Bow Church 0.2 miles
  • The Cherry Trees School (SEN) 0.1 miles
  • Wellington Primary School 0.1 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Bow Road 0.2 miles
  • Bow Church 0.2 miles
  • The Cherry Trees School (SEN) 0.1 miles
  • Wellington Primary School 0.1 miles

Market stats

Sale activity

Average estimated value for a flat in E3:

  • £382,761
  • Price decrease

  • -£47,890
  • (-11.120%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £391,427
  • Properties sold

    137

Rental opportunities

Looking for an investment? The average rent for a 2 bedroom flat in E3 is currently:

£1,664 pcm

Recent sales nearby

See all recent sales in E3
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Estimated running costs

Based on available 3rd party data

Approximate costs
£
per month

  • Mortgage £ p/m
  • Energy Not known
  • Home insurance Not known
  • Water Not known
  • Council tax Not known

Mortgage calculator

£ per month

How much could I borrow?

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Your home or property may be repossessed if you do not keep up repayments on your mortgage.

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

The Agent

Price history

Sold prices provided by Land Registry
9th Apr 2020 £39,995 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Hammonds. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Hammonds for full details and further information.