Summary - Flat 2, 14, Shirley Street E16 1HU
3 bed 2 bath Flat
Long-lease investment with immediate rental income and transport links.
Three-bedroom first-floor flat with private terrace and lift access
This first-floor three-bedroom flat is offered to auction with a secure income stream: a five-year lease (from April 2022) producing £2,800 pcm (£33,600 pa). The apartment sits in a modern purpose-built block with lift access and a private terrace, making it straightforward to let or hold for capital growth in an inner-city location close to Canning Town and Custom House transport links.
The accommodation is open-plan with one en suite and a main bathroom, and the property has a B EPC rating — a positive for running costs and letting compliance. The long lease (approximately 993 years unexpired) removes short-lease risk common in London investments. Broadband and mobile signals are strong and Star Park plus local amenities are within easy reach, supporting continued tenant demand.
Buyers should note material sale conditions: the lot is being sold by order of LPA receivers and is subject to a public auction. The property is currently tenant-occupied, so viewings and vacant possession depend on tenancy terms. Review the legal pack before bidding; a public notice/repossession is registered against the property.
Location factors: the wider area is an inner-city, multi-ethnic professional hub with good transport links, but it scores as very deprived locally and crime is average — factors that can affect rental levels and tenant profiles. Heating is electric with a boiler and underfloor system; check service history and likely energy costs. This is a straightforward income investment with long lease security and immediate cashflow, suited to buyers comfortable with an auction purchase and existing tenancy.
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