BTL Deals of the Week #18 - including a massive 2-bed with vaulted ceilings & private garden!
Looking for a quality investment can be a bit overwhelming. That's why in this week's Buy To Let Deals video, Kristjan is breaking it down for us by reviewing three listings, all in different price ranges: up to £500k, £500-750k, and £750-1m. So, whether you're a first-time investor or a seasoned pro, you'll find something that fits your budget.
First up in our selection this week is a modern 2-bed 2-bath apartment located near Bromley-by-Bow station. It boasts a private balcony with far-reaching views, a concierge, bike storage, and local amenities. Next, a generous 3-bed 3-bath apartment spread over 2 floors. This one has a modern interior, private outside space, concierge, underground parking, and 119 years left on the lease. Finally, a luxurious 1245 sq ft 2 bed with soaring vaulted ceilings located in the St Clements hospital conversion in E3. This unique property is adjacent to Tower Hamlets cemetery park and has a lease of 245 years. It could achieve £3-3.5k pcm, and there is even the possibility of extending the property subject to planning permission.
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Up to £500k
Bromley-by-Bow, E3 - Fraser & Co
Located moments from Bromley-by-Bow station is this beautifully modern 2-bed 2-bath apartment. The 700 sq ft space has a private balcony with far-reaching views and the development will tick a lot of boxes, hosting a concierge, bike storage and great local amenities (including a Sainsbury’s located on the ground floor). All of this adds up to modern convenience for tenants and should see this property let for around £2250pcm, perhaps even slightly more. As usual, you will need to verify the lease length and service charge costs. A sound return in an area undergoing huge reinvention and redevelopment.
£500-750k
At 1200 sq ft this is a generous 3 bed 3 bath apartment set up ideally to accommodate professional sharers and is spread over 2 floors. A modern interior with private outside space, concierge and underground parking this will tick the wish list of any tenant- and there are the far-reaching views of the Canary Wharf skyline to top it all off! The lease has 119 years left and ground rent & service charges come in at around £3600 per annum. I’d expect to see this property achieve at least £3250pcm plus a further £150 for the parking totalling £3400 a month. For sale chain free this will likely get snapped up fast.
£750k-1m
Making the figures stack at this end of the price range often requires something quite spectacular- that’s why we have chosen this 1245 sq ft luxurious 2 bed with soaring vaulted ceilings located in the St Clements hospital conversion in E3. This period multi-award-winning development has retained many of the original buildings from the site - creating unique spaces such as this one. The development has been stylishly finished and is adjacent to Tower Hamlets cemetery park- that’s a far more beautiful space than the name might suggest. The reception alone measures over 500 sq ft (a size which would be considered a spacious 1-bed apartment) and there is even the possibility of extending the property, subject to planning permission. The lease is great at 245 years and costs come in under £2500 pa (I would be surprised if these costs don’t increase in the near future). Special properties are often hard to set a fixed value but I would hope to see this achieve £3-3.5k pcm.
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