Limehouse Causeway, E14, 2 Beds – £350,000

£350,000
  • Ref: exla2993
  • Type: Flat
  • Availability: For Sale
  • Bedrooms: 2
  • Bathrooms: 1
  • Reception Rooms: 1
  • Tenure: Leasehold

Property Summary

A well-presented two double bedroom apartment, ideally located for commuting to the financial district or the city. With a secluded private garden, the apartment offers spacious accommodation throughout, comprising separate fitted kitchen, large reception with double doors opening onto the garden, two large double bedrooms and a family bathroom suite. With copious storage throughout and offered to the market chain-free, this would make an ideal rental investment or first-time-purchase. Residing in a low-rise, brick-built block just a moment’s walk from Westferry DLR (7 minutes to Bank, 2 minutes to Canary Wharf), and with the many shops, bars and water-front restaurants of Canary Wharf just a short walk away. Early viewings highly recommended.

 

Yield Breakdowns:

 

Standard Let:

Gross Annual Income - £19,200 (£1,600 pcm)

Net Annual Income - £15,686 (after fees, service charge, ground rent)

Gross Yield – 5.5%

Net yield – 4.5%

 

 

EXLA Managed Let

Gross Annual Income - £26,400 (£2,200 pcm)

Net Annual Income - £19,384 (after fees, service charge, bills, council tax, ground rent)

Gross Yield – 7.5%

Net Yield – 5.5%

 

 

EXLA Guaranteed Rent

Gross Annual Income : 19,200 (£1,600 pcm)

Net Annual Income : £17,990 (after service charge, ground rent)

Gross Yield – 5.5%

Net Yield – 5.1%

 

 

(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