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£285,000
Rainham. Essex
- 0 beds
£285,000
- 0 beds
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Buy with a mortgage
Estimate monthly mortgage payment:
£1,301 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£14,250
Property listed by:
Pure Investor
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Key Investment Highlights:
- Rental Income: £1,680 per calendar month
- Tenancy In Place: Long-term family tenants since 6th August 2013
- Occupancy Rate: 100%
- Condition: Good – recent inspection reports & inventories available
- Fully Self-Managed: No letting agent fees
- Long Lease: Over 170 years remaining
- Ground Rent: £0 per annum
- Service Charges (2024/25):
- Maintenance: £1,480.44
- Buildings Insurance: £580.38
- EPC: C
Property Overview:
- Type: 3-Bedroom Maisonette (Top 2 Floors of 3-Storey Block)
- Bathrooms: 1
- Outside Space: Access to Communal Gardens
- Parking: On-Street
- Council Type: Ex-local authority (typically more resilient to service charge spikes)
Why Invest in 202 Cherry Tree Lane:
- Secure Long-Term Rental: Family tenants in place for over a decade with strong payment history
- High Yield Potential: Solid monthly rental income of £1,680 = 7.1% gross yield
- Minimal Ongoing Costs: No ground rent, reasonable annual service charges
- Zero Management Fees: Property is self-managed
- Zero Maintenance Needs: No known repairs or building works required
- Strong Capital Growth Area: Rainham, Essex offers reliable rental demand & commuter access to London
Location Highlights:
- Excellent transport links to Central London via Rainham Station
- Close to local amenities, schools, and green space
- Family-oriented neighbourhood ensuring long-term rental stability
Mortgage calculator
Find out the cost of a mortgage for your new home.
£1,301 per month
Please be aware, your results are only an estimate and should not be considered as a mortgage quote.
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Stamp Duty tax
These figures are estimates and are provided for guidance only
Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
HomeBuyer Service - Everything you need to purchase this property all in one place
- Mortgage advice and application
- Conveyancing fee
- Homebuyer protection insurance
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