Old Gloucester St., London, WC1N

2 bedroom Flat in London

For Sale
Offers Over £775,000
Current Yield 4.5 %
Potential Yield 6.3 %
Property Reference: 205891843
  • Flat
  • 2 Bedrooms
  • 3 Bathrooms

Property Features

Property Features

  • Buy-to-Let Opportunity
  • Three Piece Bathroom
  • Spacious Rooms
  • Modern Kitchen
  • Long Term Tenant Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Property Information

Full Details

Our latest listing is a property portfolio comprising two self-contained flats within a single property, located in the highly desirable area of Gloucester, London.

The ground floor flat features 1 spacious bedroom, 2 bathrooms, and a well-appointed living area, providing comfortable and modern living space.

The basement flat includes 1 bedroom, 1 bathroom, and a cozy open-plan layout, ideal for single occupants or couples.

Investment details

It currently produces an annual gross income of £51,600 which the new owner could increase to a market rate of £72,000 with long-term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.

Please see the Let Property Pack linked below for greater detail on this property's investment potential.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales is committed to facilitating a smooth transaction process and allowing for maximum commitment to the sale from both parties, a fully refundable buyer's premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non-completion.

Helpful Information

Council Tax Band: D
Property Reference: 205891843

Investment Checklist

  • Tenancy Status: Tenanted
  • Current Rent pcm: £4,300
  • Potential Rent pcm: £6,000
  • Tenancy Agreement in place: Yes
  • Tenancy Compliance in place: Yes
  • Current Term of Tenancy: 2 years+
Property Reference: 205891843
Property Reference: 205891843

Property Location

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Request DetailsOld Gloucester St., London, WC1N

Offers Over £775,000

Make an offer
Old Gloucester St., London, WC1N

Listing Price

Offers Over £775,000

Disclaimer
All offers are submitted to the seller for approval. On acceptance of your offer you will be required to instruct a solicitor for Legal Acceptance of your offer. A fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion. Terms and payment details will be provided upon verbal acceptance of your offer.