>
4 bedroom flat for sale
Flat 7, 4 Barchester Street, London, E14 6RF
£320,000
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.