2 X 1 Bedroom flats.
Close to the underground station (Plaistow zone 3).
Close to schools and shops for your convenience.
Rental income potential starting from £2000PCM.
Guide price £425,000 to £450,000
Calling all investors!!!!!
For those looking for 2 flats and want to own the freehold title, look no further (you probably will view few, this will be one of the few available in the market).
We have been informed by the vendor (*not been verified ) the property comes with a 10-year lawful use, with a separate council tax and utility bills. The seasoned investors will know what that implies, to those that aren't that versed it means, legally it is easier to convert the flats into two separate entities with it's their own individual lease. Allowing the freeholder to add a service charge and a ground rent increasing the ROI in the opportunity at hand.
The ground floor flat and the first floor flat at this moment are presented as one-bedroom flats however there is ample space within the property to convert both into 2 bedrooms. Please consult us or an architect in relation to how this can be done ( if this is a new venture).
As it stands individually a 1 bedroom will bring a potential income of £1100 PCM , so for your money as it stands there is the rental potential of £2200PCM.
“Transport and locale
Apart from convenience stores, post offices, etc., Plaistow is mainly occupied by houses and blocks of flats. Larger shopping centres and restaurants are found in neighbouring areas such as Stratford, West Ham and Green Street, all within walking distance.
Plaistow Underground station and Upton Park Underground station are on the London Underground District line and Hammersmith & City line (which share the same tracks between Aldgate East and Barking), in London Travelcard zone 3. The journey time to/from Tower Hill and Plaistow is 18–19 minutes with an additional 2 minutes for Upton Park.
A pedestrian / cycle path called the Greenway runs on top of Joseph Bazalgette's Northern Outfall Sewer from Beckton to Hackney Wick via East Ham, Upton Park (for East Ham Jewish Cemetery), Plaistow, West Ham, Stratford, Bow (via Temple Mills) and Hackney.”
Ground floor flat:
Bedroom 1 : 11'1 (3.38m) x 11'10 (3.60m)
Living Room : 10'9 (3.27m) x 12'6 (3.80m)
Kitchen : 9'0 (2.76m) x 19'0 (5.80m)
Bathroom: 4'7 (1.39m) x 9'5 (2.86m)
First floor flat:
Bedroom: 10'8 (3.26m) x 9'11(3.02m)
Reception Room: 11'3 (3.44m) x 13'1 (4.00m)
Kitchen: 12'8 (3.86m) x 9'1 (2.78m)
Bathroom: 6'8 (2.04m) x 6'0 (1.84m)
Caution : Early bird viewings are available for those buyers who have the finances arranged, if not only can accommodate open house viewings on the agents availability.
*Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
All dimensions are approximate and are quoted for guidance only, their accuracy cannot be confirmed. Reference to appliances and/or services does not imply they are necessarily in working order or fit for the purpose. Buyers are advised to obtain verification from their solicitors as to the Freehold/Leasehold status of the property, the position regarding any fixtures and fittings and where the property has been extended/converted as to Planning Approval and Building regulations compliance. These particulars do not constitute or form part of an offer or contract nor may be regarded as representations. All interested parties must themselves verify their accuracy. Where room layout is included this is for general guidance only, it is not to scale and its accuracy cannot be confirmed.
Requested Viewings outside office hours can be accommodated, with a fee of £20.00 per viewing, this is completely refunded upon completion of any properties with us by the customer.
(*2) This is the opinion of the agent, we cannot 100 percent verify these to be fact, we advise you do your own due diligence before getting involved in the property.
Source of Reference : Www dot wikipedia dot com