Medfield Street, Wandsworth, London, SW15 4JY

TENANTED ONE-BEDROOM LONDON INVESTMENT | 7.2% GROSS YIELD Asking Price: £250,000 An excellent opportunity for investors to acquire a tenanted one-bedroom flat in London, currently generating £1,500 pcm / £18,000 per annum, providing an attractive 7.2% gross rental yield at the asking price.

The property is already income producing, with a couple currently in occupation, both of whom are employed locally.

This makes the property particularly suited to buy-to-let investors looking for an established rental income stream from day one.

The accommodation comprises one bedroom and one bathroom, with on-street permit parking, and benefits from approximately 112 years remaining on the lease.

Current annual costs comprise a £1,200 service charge and £400 ground rent.

After these two charges, the property produces approximately £16,400 per annum, equivalent to a 6.56% yield, before other ownership costs.

The service charge has recently increased from zero to £1,200 per annum.

The seller advises that this relates to initial works which are not expected to recur and anticipates that the charge may reduce following completion, although any reduction remains unconfirmed.

Potential renewal of the building's flat roof has also been identified.

The seller advises that responsibility for funding is currently disputed, including whether the works should be covered by insurance.

The seller's estimated share of the complete project is approximately £3,000, subject to confirmation.

An attractive London buy-to-let opportunity offering an established tenancy, strong rental income and a 7.2% headline gross yield at the £250,000 asking price.