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 opportunityOne Bedroom Ex Council Property With A Current Rental Income Of £1,550 Per Calendar MonthTo be sold with tenants in situ

Description

This is an investment opportunity to purchase a one-bedroom ex-council property in Stepney Green, Tower Hamlets, with a current rental income of £1,550 per calendar month. The property has a remaining lease of 92 years and is currently rented out with tenants in situ. The property features a lounge, kitchen, bedroom, bathroom, and balcony, and the current owner pays £150 per month for cleaning, gas, and electricity. The property is located in a residential area with nearby shops, amenities, and a park, and is just a 4-minute walk from Stepney Green Tube station. The property is being sold with the intention of retaining the same managing agent, who has been managing the property for over 10 years.
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