A stylish two bedroom apartment in Central London is up for online auction this month (25-26 April) at almost half the average price for the area.
We are proud to be offering the two bedroom apartment on Westminster Bridge Road and with a guide price of just £575,000 and a yield of approximately 7%, the property will prove to be particularly attractive to residential property investors and competitive bidding is expected in the auction.
Richard Reed MRICS, head of our Property department said: “Located a short walk from Waterloo Station, the city’s business district is accessible in just 15 minutes.
“With this in mind, this property could be ideal for a young professional looking to save on a lengthy commute.
“Alternatively, this property could be a great investment for landlords who want to use the apartment as a short-term holiday let for tourists, as it is located near several iconic attractions such as The London Eye, The Palaces of Westminster and Lambeth, Big Ben and the Imperial War Museum.
“Using this approach, the current owners have reported a gross income of £50,543 over the last 15 months.”
“Either way, the property is ready to be occupied immediately as it has recently been refurbished with a bright, modern finish.”
Online auctions are fast becoming a conventional way to buy and sell properties and more people are using the method to discover new investment opportunities to grow their portfolio.
Richard added: “The way we sell property is a real unique selling point for vendors and is distinctive across the industry, combining our expertise with the ease of an online auction.
“The John Pye online property auction continues to grow significantly, with new property stock constantly being offered to the market.”
We regularly feature properties from across the UK including residential, commercial and buy-to-let properties. Its latest monthly online property auction will go live on Wednesday April 25 and conclude on Thursday April 26 2018.
For more information contact our property team on 0115 970 6060 for more information. Viewings are available by appointment.Browse our properties