Property for sale

36 Vicarage Lane, East Ham, London E6

Residential investment opportunity on Vicarage Lane in East Ham, a highly desirable London area with strong tenant demand. The property consists of 2 x two-bedroom flats with a total erv of £43,200 per annum. Offers are invited in excess of £495,000, which reflects a gross yield of 8.7% based on the erv.

Location

The property is located in a prime position on Vicarage Lane, a well-established residential road in East Ham within the London Borough of Newham. The area's amenities, green spaces, and excellent connectivity make it a highly desirable area with strong tenant demand.

Vicarage Lane provides a range of convenient everyday shopping and services and benefits from access to a wider selection of shops, cafés, and amenities on the nearby High Street and wider East Ham neighbourhood.

East Ham Station provides access to the District and Hammersmith & City lines, connecting the area with central London and other key destinations. The area is well-served by buses.

Tenure & Tenancy

The freehold interest is to be sold with full vacant possession.

Terms

Offers are invited in excess of £495,000, which reflects a gross yield of 8.7% based on the erv.

Description

The property is a terraced house providing a total accommodation of 1,263 square feet (117.3 square metres), which has been split into 2 x two-bedroom flats, with a total erv of £43,200 per annum.

Flat 1 measures 806 square feet (74.9 square metres) arranged over ground floor and basement - open plan kitchen/diner, living area, two bedrooms, two bathrooms, and courtyard (Council Tax band B / EPC Rating - C)

Flat 2 measures 456 square feet (42.4 square metres) arranged over first floor - open plan kitchen/living area, two bedrooms, and bathroom (Council Tax band A / EPC Rating - D)

The flats are predominantly ready for occupation with minimal cosmetic refurbishment required.

Viewings

Viewings are strictly by appointment through Harston+Co.