£245,000
2 bed flat for saleThe Holt, London Road, Morden SM4
2 beds
1 bath
1 reception
EPC Rating: D
About this property
Tenanted investment opportunity
Two well proportioned bedrooms
Spacious reception room
Modern fitted kitchen
Purpose built apartment
2nd floor
Excellent transport links
Close by to local amenities
No ground rent
Long lease
A superb opportunity to acquire this well presented two bedroom purpose built apartment, offered for sale with a tenant in situ, providing an immediate rental income from completion and making it an ideal addition to any investment portfolio.
The accommodation comprises a bright and spacious reception room offering ample space for both living and dining, a fitted kitchen, two well proportioned bedrooms and a modern family bathroom. The apartment is well maintained throughout and enjoys an abundance of natural light together with a practical layout suited to modern living.
Morden has become one of South West London's most sought after commuter locations, combining excellent transport links with an extensive selection of shops, cafés, restaurants and everyday amenities. Morden Underground Station on the Northern Line provides direct services into Central London, while Morden South railway station offers convenient National Rail connections. Numerous bus routes also serve the surrounding area, providing excellent connectivity across South London and Surrey.
The area is undergoing significant investment as part of Merton Council's long term regeneration programme, which aims to transform the town centre into a vibrant destination for residents, businesses and visitors. The plans include the delivery of new homes, enhanced public spaces, improved retail and leisure facilities, upgraded transport infrastructure and a more attractive town centre environment.
Financial Breakdown
Gross Rent: £18,600.00
Net income: £16,902.00
Gross yield: 7.59%
Net yield: 6.9%
Please contact agent for full financial breakdown.
Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-08612
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Tenure
Leasehold (900 years)
Service charge
Council tax band
Ground rent
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