Flat for sale in Purfleet RM19, 2 Bedroom

We are pleased to present this 1st floor spacious 2-bedroom apartment in Purfleet – Essex.

The apartment comprises of a spacious living space with laminate flooring throughout leading to a fully fitted kitchen offered with all fitted modern appliances, two good sized double bedrooms and a 3-piece bathroom suite. The apartment further benefits from a secure entry system with intercom access.

The property boasts a great location being situated in the heart of Purfleet, located only 10 minutes from Purfleet Station, offering a short commute to London Fenchurch Street in only 20 minutes as well as being close to all local amenities.

Thurrock, Essex is a commuter’s dream to the capital and growing in popularity as the attraction of proximity to London combined with the value for money has made Essex a buy to let hotspot and growing.

Further regeneration of the area continues as demonstrated in the period beginning in 2017 leading to 2021 where over £240m will be ploughed into tangible improvements for the community which reflects in the house prices in the area already.

House prices are considerably lower than the capital of London and have seen a fantastic increase in price in excess of a 43% increase over the past 5 years alone in the area! (Zoopla – October 2018). With the steady rising house prices in Purfleet, as well as the high demand from tenants wanting to live in the area combined, makes for a perfect investment opportunity with longevity.

A lot of interest is expected on this property, enquire early to avoid disappointment.

Financial Breakdown

Gross rent: £10,200
Ground rent: £206
Service charge: £1,437
Lettings fees: £734
Net income: £7,823
Gross yield: 4.86%
Net yield: 3.73%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-12862