2 bedroom flat

Property Reference number : 890630

CASH BUYERS ONLY
Please note that banks DO NOT provide mortgages for this type of construction (concrete), therefore it is available for cash buyers only, hence price is 185k comparing to next door new build flats 400 k
Although the building itself is in perfect condition.

Note:
Flat 29, Osney House, SE2 9XA, lower quality flat next block, just was sold for £185k.

Flat has Tenants (the same tenants for the last 3 years), so sold with tenants.

EWS1 sertificate not required as building isnt cladded.

Potential rent - £1400 pcm, or £16800 per year
Service charges: £200 pcm
Ground rent: £10 per year
Gross / Net Rental Yield - 9.1 / 7.8%,
100% / (185000 / (16800 - 2400)) = 7.8%
+ 5-7% Property price increase per year

Flat key features:
Remaining lease: 87 years
Floor: 9
Heating: New Worcester 30i, Gas COMBI boiler
Lounge / kitchen: Open plan
Bathroom suite: Shower, Steam room, Jacuzzi, Feet and back massagers, Speakers, Radio
Kitchen: Integrated appliances
Balcony: Private, glazed, light
Windows: Double glazing, installed 2021
View: Lake views
EPC: Grade C, 73 out of 73

Flat description:

Location
Quiet cul-de-sac location
Close to local bus routes and Thamesmead Shopping Centre
Close to Abbey Wood - Elizabeth line rail station. Abbey Wood – London bridge train (25minutes)

Communal entrance
Security entry phone system, stairs and lifts to all floors. Lift is coming to the same level no need to use stairs

Entrance hall
Entrance door, laminate flooring, spot lit ceiling

Open plan living area
4.76m (15' 6feet) x 3.49m (11' 5feet)
Living area has Door to private balcony with lake views, laminate flooring

Open plan kitchen
2.50m (8' 2feet) x 2.50 m (8' 2feet)
Kitchen has modern high gloss wall and base units. Built in oven and hob, fridge/freezer, single drainer sink unit, wall mounted conventional boiler, washing machine, double glazed windows with park views

Bedroom 1
4.61m (15' 1feet)x 1.90m (6' 2feet)
Double glazed windows with lake views, laminate flooring

Bedroom 2
4.61m (15' 1feet)x 2.71m (8' 9feet)
Double glazed windows with lake views, laminate flooring, spotlight ceiling

Bathroom
2.00m (6' 5feet) x 1.65m (5' 4feet)
Modern bathroom suite with steam shower unit with Shower, Steam room, Jacuzzi, Feet and back massagers, Speakers, Radio, TV, close coupled WC, tiling to all walls

Storage 1, 2, 3, 4
A lot of free space

Balcony, glazed
4.70m (15’ 4feet) x 1.20m (3' 9feet)
With lake views

Council Tax: A

Current Annual Ground Rent: £10.00

Current Annual Service Charge: £2,400.00

Current Length Of Lease Remaining: 87 Years

WARNING: Never transfer funds to a property owner before viewing the property in person. If in doubt contact the marketing agent or the Citizens Advice Bureau.

GDPR: Submitting a viewing request for the above property means you are giving us permission to pass your contact details to the vendor or landlord for further communication related to viewing arrangement, or more information related to the above property. If you disagree, please write to us within the message field so we do not forward your details to the vendor or landlord or their managing company.

VIEWING DISCLAIMER: Quicklister endeavour to ensure the sales particulars of properties advertised are fair, accurate and reliable, however they are not exhaustive and viewing in person is highly recommended. If there is any point which is of particular importance to you, please contact Quicklister and we will be pleased to check the position for you, especially if you are contemplating traveling some distance to view the property.

Property Reference number : 890630