£450,000 Guide Price

29 Melford Road, London, E17 7EN

204881723

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Ownership

Occupation

Bedrooms

4

Council Tax

Band: C
Tenanted Residential Opportunity

Details

Property Summary


 
  • Sure to appeal to shrewd investors looking for a turnkey investment property in a sought-after location in the center of London! ***Immediate rental income ***

 
  • The property could achieve 2,000-2,500 PCM (£24,000 - £30,000 P/A) which would produce an outstanding gross yield of 5% - 7% Subject to rent increase.

Prime Property Auctions is excited to present this excellent 4-bedroom situated within a prime location in Melford London - ***Guide Price £450,000***

 

Property Comprises: First Floor: Entrance Hallway. Second Floor: 4 large bedrooms, Kitchen, Bathroom, and ample storage throughout. 

 

Property is situated in a desirable area with great access to London underground lines, local amenities, restaurants & schools - ***PRIME LOCATION***

 

The property achieves a monthly rental of £1400 PCM (£16,800 P/A). This would provide an excellent 4% gross yield if achieved for the guide price of £450,000.

 

Sure to appeal to shrewd investors looking for a turnkey investment property in a sought-after location in the center of London! ***Immediate rental income ***

 

Recent Sales Evidence: 

***25, Melford Road, London, Greater London E17 7EN Previously sold for £600,000. 15, Melford Road, London, Greater London E17 7EN Previously sold for £652,000. 23, Melford Road, London, Greater London E17 7EN Previously sold for £550,000***

 

The property is being offered at a fantastic price to ensure auction sale. 

 

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer Now” button on our website.

 

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

 

Location: 

Melford Road in East Ham, within the London Borough of Newham, is a desirable location for both residents and investors, combining convenience, community spirit, and cultural richness. Positioned in East London, Melford Road enjoys excellent transport links, including the nearby East Ham Underground station on the District and Hammersmith & City Lines, as well as multiple bus routes. The area is renowned for its cultural diversity, which adds to the vibrant and welcoming community atmosphere. Housing options on Melford Road range from charming Victorian terraces to modern apartments, catering to various preferences and budgets. 

 

The nearby Central Park offers a large green space for leisure activities, enhancing the residential appeal. The street is well-served by local amenities, including shops, restaurants, and pubs along Barking Road and High Street North. Despite its urban setting, Melford Road retains a strong sense of community, supported by local markets, community centers, and regular events. The combination of accessibility, cultural vibrancy, and community spirit makes Melford Road a sought-after place to live and a promising area for property investment.

Location

Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.

Virtual Tours

Property Features

  • Prime Property Auctions is excited to present this excellent 4-bedroom situated within a prime location in Melford London - ***Guide Price £450,000***
  • ***25, Melford Road, London, Greater London E17 7EN Previously sold for £600,000. 15, Melford Road, London, Greater London E17 7EN Previously sold for £652,000. 23, Melford Road, London, Greater London E17 7EN Previously sold for £550,000***
  • The property achieves a monthly rental of £1400 PCM (£16,800 P/A). This would provide an excellent 4% gross yield if achieved for the guide price of £450,000.
  • Sure to appeal to shrewd investors looking for a turnkey investment property in a sought-after location in the center of London! ***Immediate rental income ***
  • The property could achieve 2,000-2,500 PCM (£24,000 - £30,000 P/A) which would produce an outstanding gross yield of 5% - 7% Subject to rent increase.

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