3 Bedroom Flat Sold in London, E14
| Reference | 26237 |
| Address |
99 Blackwall Way, London, E14 9QU (Map Location) |
| Beds | 3 |
| Baths | 2 |
| Type | Flat |
| Tenure | Leasehold |
5% yield, Unmatched location 2nd floor 3 double bed 2 bath (1 ensuite) flat, separate kitchen, Canary Wharf views, Thames access & 10 min walk from Jubilee Line.
Description
Of interest to INVESTORS and FIRST TIME BUYERS - 5.25% rental income generated through the current tenancy (with a 2 month notice period). There is the potential to increase rental income as the current tenant is letting four rooms (by converting the living room into a bedroom) individually at c.£900/month therefore earning a gross income of c.£43k per year.
Early viewing is highly recommended as three bed flats are rare to the market within this location.
This is a spacious three double bedroomed flat boasting a modern interior and a sought-after location on the second floor of a secure development that is moments from the Thames and Canary Wharf. The property comprises sizeable reception room, separate fitted kitchen, stylish master bedroom with brand new fully tiled en-suite bathroom, two further good sized double bedrooms (one with built in storage) and smart family bathroom. There is electric heating throughout the flat and additional option to rent underground parking if required.
The flat would appeal to first time buyers, those looking to move out of 1/2 bed flats and start a family or investors looking to rent to professionals working in Canary Wharf. The flat is available either tenanted (at £2,300/month) or vacant, offering gross yield of circa 5.25%. The flat also benefits from a low service charge, ground rent and council tax.
The flat is part of the New Providence Wharf and located within the shared ownership portion where the owner, like many others, has bought out 100% share.
Blackwall Way is perfectly placed for riverside walks and access to vibrant Canary Wharf where there is an excellent range of shops, bars and restaurants. Local transport links include Blackwall Station (DLR), Canary Wharf Station (DLR and Jubilee Line) and a good selection of A roads leading into and out of the City.
With Crossrail expected to start serving Canary Wharf shortly and further development of the local area by Canary Wharf group (including the Wood Wharf development), there is significant appreciation potential alongside an unparallel yield.