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3 bedroom maisonette for sale
Cherry Tree Lane, Rainham, Havering, London, RM13
£270,000
Cherry Tree Lane, Rainham, Havering, London, RM13
£270,000
Our Summary
- 5% gross yield * Minimal Ongoing Costs: No ground rent, reasonable annual service charges * Zero Management Fees: Property is self-managed * Zero Maintenance Needs: No known repairs or building works required * Strong Capital Growth Area: Rainham, Essex offers reliable rental demand & commuter access to London Further Information Available Upon Request: * Recent inspection and inventory reports * Tenancy agreement & payment history * Leasehold documentation * Service charge breakdown Location Highlights: * Excellent transport links to Central London via Rainham Station * Close to local amenities, schools, and green space * Family-oriented neighbourhood ensuring long-term rental stability
- Buy-To-Let Investment Opportunity
Description
This property, located at 202 Cherry Tree Lane, is a 3-bedroom maisonette with a long-term family tenant in place since 2013, generating a rental income of £1,680 per month. The property is in good condition, with recent inspection reports and inventories available. With over 170 years remaining on the lease, there is no ground rent, and the annual service charges are reasonable. The property is self-managed, eliminating letting agent fees, and has no known repairs or building works required. The area of Rainham, Essex, offers reliable rental demand and commuter access to London, making it a strong choice for investment. With a solid monthly rental income and minimal ongoing costs, this property has the potential for high yields and strong capital growth.