Key Investment Highlights:
- Property Type: Top Floor Flat (3-Storey Block)
- Bedrooms: 1
- Bathrooms: 1
- Parking: On-Street
- Gardens: Access to Communal Gardens
- Tenure: Leasehold
- Lease Remaining: Approx. 177 Years (Extended During Pandemic)
- Ground Rent: £0
- Service Charge: £1,335.17 p.a. (includes building insurance)
- Managing Agent: Self-Managed
- Comparable sold properties within a ¼ mile radius – HERE
Rental Details:
- Current Monthly Rent: £995
- Confirmed Increase: £1,045 from August 2025
- Tenancy Start Date: 4th July 2019
- Tenants: Reliable Family Tenants
- Occupancy Rate: 100%
- Arrears: None
- Management: Self-managed with full inventories and recent inspection reports available
*Viewings of this property are available; however, please note the property is tenanted and we need to respect the tenants’ right to a peaceful environment. As such, we will require proof of funds from all parties before booking a viewing appointment. On receipt of the above, we will then arrange access*
Financial Overview:
- Asking Price: £180,000
- Annual Rental Income (Current): £11,940
- Annual Rental Income (From Aug 2025): £12,540
- Service Charge: £1,335.17
- Gross Yield:
- Now: 6.63%
- From Aug 2025: 6.97%
- Net Yield
- Now: 5.89%
- From Aug 2025: 6.2%
Location Highlights:
Situated in the popular residential area of Rainham, Essex, this ex-local authority flat offers strong tenant demand, good transport links, and access to local amenities. A low-maintenance block with a long lease and no ground rent makes this an excellent, hassle-free buy-to-let.
Why Invest:
- Long Lease (177 years) – No lease extension costs
- Zero Ground Rent
- Reliable Long-Term Tenants
- Rising Rent with Above-Market Stability
- Self-Managed with Full Paper Trail
- Strong Net Yield in London Fringe Area
