1 bed maisonette for sale

Fraser Close, London E6

Cash buyers only *short lease*

We are delighted to present this well-proportioned one-bedroom first floor maisonette, offering an excellent opportunity for both investors and first-time buyers. Situated within a quiet residential cul-de-sac, the property benefits from a private patio garden, a separate garage and approximately 47 sq m (506 sq ft) of internal floor space (excluding garage).

The property comprises a bright reception room, separate fitted kitchen, spacious double bedroom and bathroom. Whilst well maintained, the property also offers scope for cosmetic modernisation, allowing a purchaser to enhance both its appeal and long-term value.

A particular feature of the property is the private garage, providing secure off-street parking or valuable additional storage. The garage also presents an opportunity to generate a separate rental income, subject to the terms of the lease. Alternatively, purchasers may wish to explore the potential to incorporate the garage into the existing accommodation to create additional living space, subject to obtaining all necessary planning permissions. Interested parties should make their own enquiries with the relevant authorities and professionals regarding the feasibility of any such conversion.

From an investment perspective, the property offers an immediate income-producing asset with long-term tenants already in occupation. It currently generates a gross annual rental income of £15,000, with the potential to increase this to approximately £19,200 per annum, in line with current market rental values, subject to prevailing market conditions and any applicable legislation.

The existing tenants have occupied the property for a considerable period and have maintained an excellent historic rent payment record, providing purchasers with the benefit of an established and reliable income stream from completion.

Considering the competitive purchase price, immediate rental income, future rental growth potential and the additional benefit of the private garage, this represents an excellent opportunity to acquire an investment capable of delivering an attractive yield whilst also offering long-term capital appreciation.

The property is offered with a 55-year lease, and the asking price has been carefully positioned to reflect the remaining lease term, presenting an opportunity for purchasers seeking value and future upside.

Conveniently located close to local amenities, transport links and green open spaces, Fraser Close enjoys excellent connectivity into Central London whilst retaining the benefits of a peaceful residential setting.

Highlights

• Current gross rental income: £15,000 per annum
• Can be sold with Vacant Possession
• Estimated market rental income: Approximately £19,200 per annum (subject to market conditions and statutory requirements)
• Long-term tenants currently in occupation
• Excellent historic rent payment record
• Immediate rental income from completion
• Private garage providing secure parking or additional storage
• Potential for separate garage rental income (subject to lease provisions)
• Potential to create additional living accommodation by incorporating the garage, subject to all necessary planning permissions, Building Regulations approval and leaseholder consents
• Opportunity to enhance future rental yield
• Excellent long-term investment potential

Please get in touch for more details and to book a viewing

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