Summary - 405 FISHGUARD WAY LONDON E16 2RZ
2 bed 2 bath Flat
Immediate rental income in a modern riverside development near transport links.
Two-bedroom fourth-floor flat with balcony and river-facing aspect potential
Currently tenanted, producing £1,820 pcm rental income
Approx 655 sq ft; open-plan lounge/diner with ensuite bathroom
Long lease: 999 years from 2006 (≈980 years remaining)
Service charge c. £3,200 per year; no ground rent
Sold at auction — buy subject to auction terms and legal pack
Electric storage heaters — higher running costs than gas heating
Built c.1996–2002 with older double glazing (pre-2002)
A tenanted two-bedroom apartment on the fourth floor of a modern riverside block, offered at auction with immediate rental income. The property measures about 655 sq ft and includes an open-plan living space, balcony, ensuite, and a communal landscaped garden — attractive features for buy-to-let investors seeking turnkey cash flow.
Practical details support long-term ownership: a 999-year lease from 2006 (approx. 980 years remaining), no ground rent, and fast broadband. The block was built around 1996–2002 and has double glazing installed before 2002. Current rental income is £1,820 pcm, giving instant yield potential against the guide price of £265,000.
Buyers should note this is a leasehold unit sold at auction and currently tenanted; viewings and legal packs must be checked via the auction platform. Service charge is approximately £3,200 pa. Heating is via electric storage heaters, which can be costly and are less efficient than gas central heating — factor this into running-cost estimates.
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