£6,750,000
(£599.68/sq. ft)
Land for sale20 Mowlem Street, London E2
11,256 sq. ft
EPC Rating: C
Freehold
About this property
Spv or Asset purchase
Rental Income £428,000 pa
Strong yield potential
Scope for refurbishment
18 apartments
Attractive communal garden
Secure cycle store
Description
An excellent opportunity to acquire a potentially high-yielding residential investment with scope for adding value in a prime East London location. This five-story freehold block comprises 18 flats, generating a rental income of £428,000 pa. Priced at just £763 per sq ft, which is well below the area's average.
The ground-floor units have been converted from commercial use to create five attractive residential studios, whilst the upper floors comprise 13 modern one, two and three bedroom apartments. The property is fully let providing a consistent income stream and historically the property has experienced minimal voids.
Location
The building is located in the heart of East London in an area with strong rental demand, close to the Regent's Canal, Victoria Park and London Fields. Cambridge Heath Overground station is a 3-4 minute walk (0.2 miles), and Bethnal Green tube is a mere half a mile away. The area has seen significant change in recent years and is now a popular residential hub, especially with young professionals, with easy access to a wide range of local amenities, including shops, cafes, markets, and green spaces. The ongoing development of nearby 555-unit Regent's View is expected to attract further interest and boost capital values in the area.
Tenancy Schedule
Tenancy schedule upon request.
Energy Performance Certificate (EPC)
EPC's are available for every flat upon request.
An excellent opportunity to acquire a potentially high-yielding residential investment with scope for adding value in a prime East London location. This five-story freehold block comprises 18 flats, generating a rental income of £428,000 pa. Priced at just £763 per sq ft, which is well below the area's average.
The ground-floor units have been converted from commercial use to create five attractive residential studios, whilst the upper floors comprise 13 modern one, two and three bedroom apartments. The property is fully let providing a consistent income stream and historically the property has experienced minimal voids.
Location
The building is located in the heart of East London in an area with strong rental demand, close to the Regent's Canal, Victoria Park and London Fields. Cambridge Heath Overground station is a 3-4 minute walk (0.2 miles), and Bethnal Green tube is a mere half a mile away. The area has seen significant change in recent years and is now a popular residential hub, especially with young professionals, with easy access to a wide range of local amenities, including shops, cafes, markets, and green spaces. The ongoing development of nearby 555-unit Regent's View is expected to attract further interest and boost capital values in the area.
Tenancy Schedule
Tenancy schedule upon request.
Energy Performance Certificate (EPC)
EPC's are available for every flat upon request.
Mortgage calculator
Monthly repayment
£33,766 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}