CASH BUYERS ONLY | SELF-CONTAINED STUDIO APARTMENT | IDEAL PIED-À-TERRE OR BUY-TO-LET INVESTMENT | 8% GROSS RENTAL YIELD POTENTIAL | LARGE SOUTH-EAST FACING SASH WINDOW | COMMUNAL GARDEN VIEWS | HIGH CEILINGS | PERIOD CONVERSION | MOMENTS FROM HACKNEY DOWNS & HACKNEY CENTRAL OVERGROUND WITH ACCESS TO LIVERPOOL STREET IN 7 MINS | VACANT POSSESSION.
CASH BUYERS ONLY – OFFERED CHAIN FREE WITH VACANT POSSESSION.
Positioned on the first floor of an impressive, double-fronted period villa, this charming self-contained studio apartment offers an exciting opportunity for cash purchasers seeking a convenient London pied-à-terre, full-time residence or buy-to-let investment in the heart of Hackney.
The apartment is compact yet thoughtfully arranged, comprising a versatile living and sleeping space with private kitchen and a separate shower room, with access to a generous communal garden.
An attractive feature of the apartment is the high ceiling height paired with the large south-east facing sash window, which floods the apartment with beautiful natural morning light. Looking out towards the communal garden and its mature trees, the window creates a peaceful, leafy outlook, with glimpses of the steps leading to Platform 1 at Hackney Downs station adding a distinctive touch of London character.
High ceilings, white wood-effect flooring and modern fixtures complement the property's period setting, creating a bright and welcoming living space.
AN EXCELLENT OPPORTUNITY FOR CASH BUYERS & INVESTORS
The property appeals to a variety of cash purchasers, whether seeking a convenient London base, a low-maintenance home or an investment in a well-connected East London location.
The apartment has a realistic expected rental income of £1,300 per calendar month (£15,600 per annum), representing an attractive 8% potential gross annual rental yield based on the asking price, before service charges, ground rent and other costs.
The property is offered with vacant possession, providing purchasers with the flexibility to move in themselves or arrange a new tenancy following completion.
SIGNIFICANT BUILDING IMPROVEMENTS ALREADY COMPLETED
A further benefit for prospective purchasers is the extensive programme of major works completed to the building in 2025. These improvements included a new roof and significant external works, representing an investment of approximately £17,000 per leaseholder.
With these substantial works already undertaken, and no further major works currently planned according to the seller, buyers can take reassurance from the recent investment in the building's upkeep and maintenance.
PRIME HACKNEY LOCATION
Situated just moments from Hackney Downs and Hackney Central, the property enjoys an enviable position close to an excellent selection of independent cafés, restaurants, bars, shops and local amenities.
Hackney Downs station is approximately 0.05 miles away, while Hackney Central station is approximately 0.2 miles away, providing excellent connections across London, especially Liverpool Street which can be reached from the apartment door in just 10 minutes.
The surrounding area is equally appealing for those who enjoy outdoor space, with Hackney Downs and several other green spaces within easy walking distance.
LEASEHOLD INFORMATION
· Tenure: Leasehold
· Lease: 99 years from 1 January 2011 (approximately 83 years remaining)
· Ground Rent: £200 per annum
· Service Charge: £1,862.86 per annum
· Potential Gross Rental Yield: 8%
· Vacant Possession: Yes
· Chain: Chain Free
· Major Works: Extensive roof and external building works completed in 2025 at a cost of approximately £17,000 per leaseholder. No further major works are currently planned, according to the seller.
IMPORTANT: THIS PROPERTY IS AVAILABLE TO CASH BUYERS ONLY.
A fantastic opportunity to acquire a characterful, light-filled studio apartment in a highly desirable and exceptionally convenient Hackney location.
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A holding deposit of one weeks rent will be required to commit to the property you wish to rent. The one week deposit forms as your part of your first months advance
The tenant(s) will normally pay one month rent in advance (unless otherwise agreed by the landlord) which will cover the first month’s rent.
The tenant(s) will pay five weeks security deposit at the commencement of the tenancy and it is the landlord liability to ensure they register/protect the deposit with an approved government scheme.
You will pay interest on any payment of Rent not made, in the event of the tenant failing to pay the rent on the date it is due, the Tenant shall pay interest at the rate of 3% per annum above the Bank of England base rate on any rent remaining unpaid for more than 14 days after the day on which it became due.
The vacating tenant who wishes to replace themselves will be liable for a tenancy change charge of £50.00 or for any additional changes required during the term.
You will need to pay for the cost if a key needs to be replaced due to your error. Also pay for the cost of other security devices from £50.00+ and you will also be charged a call out charge of £85.00+ if you are locked out and need assistance either by the agent or contractor. In the event locks need to be changed you will be charged an hourly rate charged by the contractor/company used and an invoice will be provided.
Which may apply will be charged to the tenants for all damages caused by tenant’s negligence whether misuse or accidental. Out of hour’s services from: £150+ for the first hour, then £85+ per hour after that plus any additional costs incurred.
Call out charge: £85+ for the first hour, where actions/misuse of the tenant results in the agent (or nominated contractor) having to attend the property. Any time beyond the first hour to remedy the situation is charged at the hourly rate of £65+ or the hourly rate charged by the nominated company.
If tenant(s) wish to terminate the contract during the fixed term all tenants will remain liable to pay rent until the term expires. In addition you will be liable to pay an early surrender charge of £600+
Rent and costs of all utilities, including, TV licence/broadband, council tax, water, Gas/Electric.
bigmove is a member of the PRS (Property Redress Scheme), demonstrating our commitment to upholding industry standards and ensuring fair resolution processes for property-related disputes. We are also members of CMP (Client Money Protect) to ensure our commitment to safeguarding client’s funds so they are aware their money is protected. In addition we are members of the DPS, deposit Protection Scheme – (ensuring your deposit is protected)
