Greatfield Close, London

Pure Investor brings to the market this 2 bed apartment at Greatfield Close, Brockley, South East London SE4 1JZ. The apartment comes with a tenant in situ who is in a fixed term AST agreement till the 31st December 2024 and is currently paying £1,250.00 pcm. The property comprises of a great size two double bedroom apartment set on the first floor, featuring an 18ft lounge with West facing balcony, well-planned kitchen and tiled bathroom.

Investment Information

• Full address: 36 Greatfield Close, Brockley, South East London SE4 1JZ
• Asking price: £355,000.00
• Number of bedrooms: 2
• Number of bathrooms: 1
• Shared garden space
• Ground rent: £10.00 per annum
• Service charge: £947.50 per annum
• Parking space included
• Leasehold: 91 years remaining
• Lewisham Council have confirmed that a 90 year Lease extension would cost £650 for legal fees and £550 for valuation fees. 
• Current tenant moved in on the 05th Jan 2022
• Current tenants contract expires on the 31st Dec 2024
• Current landlord self manages her property so no letting agent is involved
• Fantastic scope for capital appreciation
• Current rental figure: £1,250.00pcm (gross annual £15,000.00)
• Expected current market rent: £1,500.00pcm (gross annual £18,000.00)
• Expected rental figure when current tenancy ends in 2024: £1,575.00 (gross annul income £18,900.00) working off an annual uplift of around 5%
• Current rental gross yield: 4.22%
• Current rental net yield: 4.0%
• Expected gross yield working on a current market rental of £1,500.00pcm: 5.1%
• Expected net yield working on a current market rental of £1,500.00pcm: 4.8%
• Expected gross yield when the current tenancy ends on the basis of an annual 5% uplift: 5.3%
• Expected net yield when the current tenancy ends on the basis of an annual 5% uplift: 5.1%

Video - Greatfield Close, London