Auction Property 2 Bed House - End Terrace 

Havant Road, Walthamstow

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Features

  • Auction Date: 16th & 17th December 2019
  • Popular East London Location
  • Converted End Terraced Building
  • One Bedroom Apartment & Studio Flat
  • Ready Made Investment Opportunity
  • Excellent Transport Links
  • One Bedroom Rent: £14,400 PA
  • Studio Rent: £9,300 PA
  • Freehold included

Quick Details

2 Bedrooms

Address

70/70a Havant RoadLondonE17 3JF
Details
Floorplans
EPC
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Property Details

•Auction Date: 16th & 17th December 2019
•Block of Two Apartments
•Guide Price: £385,000+
•Annual Income £23,700
•Freehold

The property is situated on Havant Road at its junction with Shernhall Street in Walthamstow, E17. The immediate vicinity hosts a good selection of local amenities including a wide range of local and national retailers with recreational pursuits to include Epping Forest.

This former single storey retail unit has recently been remodelled to provide accommodation over three levels. The ground floor comprises a self contained studio flat that with an open plan living room and kitchen along with a separate shower room. The first floor comprises a good sized one bedroom flat situated over the first and second floors of the building. Both units have the advantage of their own separate entrances.

Accommodation

Studio Flat: 26 Sq. M (280 Sq. Ft)
First Floor Flat: 59 Sq. M (635 Sq. Ft)
(Taken From EPC)

Investment Analysis

The Studio is currently let at £775 pcm (£9,300 pa), the tenancy is for six months starting from 02/11/19. The first-floor apartment is currently let at £1,200 pcm (14,400 pa). The tenancy is for one year starting from 26/06/19. At the guide price of £385,000 this represents a gross yield of 6.16%.

Services

We understand the property to have mains gas, electricity, water and drainage. Interested parties should make their own enquiries.

Tenure

Freehold

Council Tax

Each flat is rated in Council Tax Band B. Council tax payable (2019/2020) is £1,327.

Guide Price

£385,000+

Buyers Premium

A buyers premium of 2% (min. £3,600) inc. VAT is applicable when purchasing this property.

VAT

Non Applicable

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Floorplans

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