Summary - Flat 65 Aubrey Moore Point, Abbey Lane E15 2SA
1 bed 1 bath Flat
Auction sale with tenancy in place and a strong gross yield.
Fourteenth-floor one-bedroom apartment with balcony and city views
This fourteenth-floor, one-bedroom leasehold apartment offers an immediate income stream — currently let at £1,100 pcm (assured shorthold tenancy) producing a gross initial yield of about 12% at the guide price. The flat includes a small reception, galley kitchen, bathroom and a balcony with city views; double glazing and an EPC rating of C are positives for running costs. Lease extends to approximately 106 years from 2006.
Sold via public auction, the lot suits investors seeking an off-market purchase with tenancy in place. The building is a high-rise, 1967–75 system-built block with Brutalist concrete construction; no internal viewings are available and the auction sale will require purchasers to review the legal pack carefully. The property has not been inspected by the auctioneer and information is vendor-supplied.
Be aware of material considerations: the local area records above-average crime and higher deprivation indices, the building construction may have limited wall insulation, and communal/high-rise maintenance and service charges should be checked. With strong transport links and proximity to Queen Elizabeth Olympic Park, the flat is well placed for lettings to young professionals, students and nearby workers, but purchasers should factor in management costs and the auction process when calculating returns.
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