Elmington Estate, SE5, 3 Beds – £350,000

£350,000
  • Ref: exla2691
  • Type: Maisonette
  • Availability: For Sale
  • Bedrooms: 3
  • Bathrooms: 1
  • Reception Rooms: 1
  • Tenure: Leasehold

Property Summary

Located on the 2nd and 3rd floor of this well-maintained block of twelve flats, this spacious three double bedroom maisonette offers a fantastic opportunity for investors and residential purchasers alike. Comprising spacious entrance hall with storage, a huge, light reception leading to private balcony, separate eat-in kitchen, two large double bedroom and a smaller double bedroom, family bathroom and separate WC. Residing in a corner plot on the upper floors, offering privacy and quiet, the property benefits from a multitude of transport options on the doorstep with Elephant & Castle just 10 minutes away by bus, and with underground links from Oval a short walk away. This would make an excellent, high-yield rental for the discerning investors, or an ideal family home for residential purchasers. The property is offered to the market chain-free. Early viewings highly recommended.

Estimated Yields :

Standard Let:

Gross Annual Income - £21,600 (£1,800 pcm)

Net Annual Income - £17,798 (after fees*, service charge, ground rent)

Gross Yield – 5.8%

Net yield – 4.7%

EXLA Managed Let

Gross Annual Income - £31,200 (£2,600 pcm)

Net Annual Income - £23,608 (after fees*, service charge, bills, council tax, ground rent)

Gross Yield – 8.3%

Net Yield – 6.3%

EXLA Guaranteed Rent

Gross Annual Income : £21,600 (£1,800 pcm)

Net Annual Income : £20,390 (after service charge, ground rent)

Gross Yield – 5.8%

Net Yield – 5.4%

(Yields calculated on a purchase at asking price. Figures are based on estimated overheads. Contact us for a full breakdown.)

*Based on an assumed letting fee of 10% + VAT