Summary - GEORGETTE APARTMENTS, 87 APARTMENT 74 SIDNEY STREET LONDON E1 2FY
2 bed 2 bath Apartment
Long lease buy-to-let with strong on-site amenities and transport links.
- Advertised 6.1% gross buy-to-let yield
- Two double bedrooms and two modern bathrooms
- Approximately 753 sqft; traditional layout
- Long lease remaining (992 years)
- On-site gym, spin room, rooftop gardens and terrace
- 24-hour concierge, CCTV and security
- Very high local crime and area classified as deprived
- Council tax expensive; ground rent ~£475 per year
This two-bedroom, two-bathroom apartment in Georgette Apartments offers a clear buy-to-let proposition with an advertised 6.1% gross yield and a long lease (992 years). At about 753 sqft the layout is traditional and well suited to professional sharers or small families; the open-plan kitchen and living area opens onto a balcony and benefits from contemporary fittings.
Residents have use of on-site amenities that support rental appeal: a gym and spin room, landscaped rooftop and outdoor terraces, 24-hour concierge and CCTV security. The building sits in an inner-city, transport-friendly area with excellent mobile signal and fast broadband — useful for short-term and student lets in this multicultural neighbourhood.
Important considerations: the wider area records very high crime levels and is classified as deprived, which can affect tenant demand, insurance costs and management needs. Council tax is described as expensive and there is an average ground rent of £475. The apartment itself appears average sized and ready for occupation, but buyers should check service charges and confirm any solicitor and mortgage lender queries before purchase.
For an investor, the combination of long lease, on-site amenities and strong rental yield makes this apartment worthy of viewings, while being realistic about local area challenges and holding costs will ensure an informed decision.
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