COVID-19 Update
During the 2nd England-wide lockdown (commencing 5th November), we are able to continue with in-person viewings of properties, valuations and home moves, whilst strictly adhering to the government guidelines.
Our office is open for pre-arranged appointments and we would love to see you so please call or get in touch here.
This Central London, bright investment apartment located on the second floor, with lift access, is being offered to the market chain free. Currently on a mid-term lease, with approximately 60 years remaining, the flat is currently achieving a 4.68% yield with a tenant in situ who is on a standard AST paying £1950 p/m until August 2025 making it a solid rental property. Having been kept in good repair by the tenant who moved in in 2016, this flat has seen a consistent return and thanks to the potential to add value through a lease extension, this is a good opportunity to purchase secure investment just down the road from Hyde Park.
This second floor, with lift access, bright apartment in the heart of Bayswater is being offered to the market for an investor to purchase chain free. Currently on a mid-term lease, with approximately 60 years remaining, this centrally located apartment is currently achieving a 4.68% yield with a tenant in situ until August 2025 making it a solid rental property. Having been kept in good repair by the tenant who moved in in 2016, this flat has seen a consistent return and thanks to the potential to add value through a lease extension, this is a good opportunity to purchase secure investment just down the road from Hyde Park.
Situated overlooking Queensway the flat is only a short walk to Hyde Park as well as to nearby Bayswater and Queensway Tube stations. Surrounded by a plethora of excellent local independent shops, cafes and restaurants to explore and enjoy on Westbourne Grove and along Queensway, there is also a large Waitrose and newly open M&S as well as other prestigious national chains on the doorstep. The new Whitely's Development nearby continues to draw new businesses to the area whilst building on the local community growing popularity. This centrally located apartment on the edge of the park provides a fantastic base from which to venture out and experience all the capital has to offer that continues to attract tenants and owners alike.
Matthew joins Westways as a director following 14 years working in the trading technology sector in the City of London. His background includes 6 year spells as Sales Director at Bloomberg as well as TradingScreen and he has a joint honours degree in French and German from Newcastle University. In 2014 Matthew became a Member of the Association of Residential Letting Agents (ARLA) and an Associate of the Institute of Residential Property Management (IRPM).
Grant has been selling properties in Central London since 1999 having graduated from the University of Westminster. Over the years he has built up an unrivaled local knowledge and a knack of knowing the true value of a property. Outside of work, Grant keeps fit at the gym.
Westways' standard terms for renting a property are for payment of the following monies prior to signing the tenancy agreement and moving in:
Westways Estate Agents is part of the Propertymark Client Money Protection (CMP) scheme