Thornfield House, Westferry, E14, 2 Beds – £335,000

£335,000
  • Ref: exla2679
  • Type: Maisonette
  • Availability: For Sale
  • Bedrooms: 2
  • Bathrooms: 1
  • Reception Rooms: 1
  • Outside Space: Balcony
  • Tenure: Leasehold

Property Features

  • Moments from Westferry DLR
  • Split Level Maisonette
  • Private Balcony
  • Separate Fitted Kitchen
  • Short Walk from Canary Wharf
  • 8 minutes to Bank
  • Spacious & Light Reception

Property Summary

Residing in a quiet location just a short walk from Westferry DLR, Canary Wharf and Chrisp Street Market, this two double bedroom maisonette has been well looked after by the current owners. Comprising entrance hall with storage, a separate fitted kitchen, spacious and light reception leading onto a private balcony, two large double bedrooms upstairs, family bathroom and separate WC. The property would make a fantastic rental investment, with excellent transport links into both the City (8 minutes to Bank) and a simple stroll into the financial hub of Canary Wharf, along with the numerous dockside bars, restaurants, cinema and amenities around One Canada Square. With plentiful night-bus routes on the doorstep, low service charges and a well-maintained block, with a great yield and guaranteed occupancy with little to no work required. Major works were completed recently on the block, paid for by the current owner, making this a very safe purchase for the discerning investor. Early viewings highly recommended.

 

Estimated Yields:

 

EXLA Managed Room Let -

Gross Annual Income - £27,600 (£2,300 pcm)

Net Annual Income - £20,678 (after fees*, service charge, bills, council tax, ground rent)

Gross Yield – 8.2%

Net Yield – 6.2%

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EXLA Guaranteed Rent -

Gross Annual Income : £16,800 (£1,850 pcm)

Net Annual Income : £15,560 (after service charge and ground rent)

Gross Yield – 5.0%

Net Yield – 4.7%

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Standard Let -

Gross Annual Income - £16,800 (£1,400 pcm)

Net Annual Income - £13,574 (after fees*, service charge, ground rent)

Gross Yield – 5.0%

Net Yield – 4.1%

 

(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