1 bedroom apartment for sale

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1 bedroom apartment for sale

56 Morecambe Close, London, E1 4NH
£220,000

Our Summary

  • Investment opportunity One Bedroom Ex Council Property With A Current Rental Income Of £1,550 Per Calendar Month To be sold with tenants in situ

Description

This is an investment opportunity to purchase a one-bedroom ex-council property with a current rental income of £1,550 per calendar month, totaling £18,000 per annum. The property is leasehold with 92 years remaining on the lease and is being sold with tenants in situ. The current owner pays £150 per month for cleaning, gas, and electric. The property is located in a residential area of Stepney Green, with shops, amenities, and a park nearby, and is just a 4-minute walk from Stepney Green Tube station. The property has been managed by the same agent for over 10 years and would be keen to continue looking after it for the new buyer.
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