2 bed flat for sale

High Street, Rowan Court E13

100 Key Properties is pleased to offer this two-bedroom flat in Rowan Court, Plaistow, E13. It is sold with a tenant in place, so a buyer has rental income from day one.

The flat is let at £1,750 per calendar month (£21,000 a year), a gross yield of 7.1% at the asking price. There is no ground rent, and after the service charge of £2,385 a year the net yield is around 6.3%.

The flat opens onto a central hallway with two built-in storage cupboards. The reception room is a good-sized 16'7 x 16'5, with windows on two sides and the kitchen set off it. The master bedroom measures 12'0 x 11'0, and the second bedroom 11'0 x 7'0. The bathroom has a full-size bath.

The flat is leasehold with approximately 176 years remaining and no ground rent.

Plaistow is a well-connected part of East London, popular with renters for its links into the City, Canary Wharf and Stratford.

Key features:

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  Buy-to-let investment, tenant in situ
  
  
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  Let at £1,750 pcm (£21,000 a year)
  
  
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  Two bedrooms
  
  

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  16'7 x 16'5 reception room with kitchen
  
  
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  Bathroom with full-size bath
  
  
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  Two built-in hallway storage cupboards
  
  
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  Leasehold, approx. 150 years remaining
  
  
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  No ground rent; service charge £2,385 a year
  
  
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  Plaistow, E13
  
  

To arrange a viewing, call 100 Key Properties on EPC Rating: C