4 bedroom flat for sale

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4 bedroom flat for sale

Flat 7, 4 Barchester Street, London, E14 6RF
£320,000

Price History

Initial price £355,000
31/10/24 £385,000
13/11/24 £320,000
Price Change -9.86%

Description

This is a large property in Bow Common, Tower Hamlets, that has been split into four rooms and is currently rented out, generating a total of £3,250 per calendar month, or £39,000 per annum. The property is leasehold with 106 years remaining on the lease, and the current tenants have been with the same managing agent for over 10 years, indicating a stable and reliable income stream. The property includes a kitchen and bathroom, and is located in a residential area with local amenities, green spaces, and leisure facilities nearby. The closest tube station is a 10-minute journey away. The current owner pays £75 per month for cleaning and £75 each for gas and electric. This presents an attractive investment opportunity for an individual or institution looking to generate a steady income.