Description

***investors only***A two bedroom apartment located on the fourth floor of Ormond House, Medway Street. Comprising two double bedrooms, two bathrooms [one en-suite], fully fitted kitchen and reception with access to balcony overlooking gardens. The development benefits from porter, underground parking for one car and communal heating and hot water. Ideally situated for the amenities of Victoria Street and the transport connections of St James's Park, Westminster and Victoria Stations.

Letting fees

Lettings Fees - Information for prospective tenants:

Once the landlord has agreed your offer you will need to pay a non-refundable holding deposit to reserve the property.

Should you decide not to proceed with the tenancy or if satisfactory references are not obtained you will forfeit this deposit. In the unlikely event the landlord decides not to proceed it will be refunded.

The holding deposit required will be the equivalent to one week's rent and will be deducted from the initial funds required prior to move in.

We will obtain references on each tenant through a tenant reference agency at a cost of £42.00 (inc VAT) per person.

Once satisfactory references have been obtained we will prepare the Tenancy Agreement. The cost to the tenant(s) for this is £156.00 (inc VAT)

As well as the first rental amount and the above fees the initial funds payable will include a tenancy deposit (equivalent to six week's rent) that is held and protected under the Tenancy Deposit Scheme to ensure that any disputes at the end of tenancy over the return of the deposit are resolved quickly and fairly.

If the tenancy is renewed beyond the initial term a renewal agreement fee of £55.00 (inc VAT) will be charged

At the end of the tenancy a check-out fee will be payable - the cost will depend on the amount charged by the independent check-out company at the time.

Initial funds payable (less holding deposit paid to reserve the property)

First rental amount - as agreed, but usually one month

Tenancy Deposit - six weeks rent

Reference fee - £42.00 per person (inc VAT)

Tenancy Agreement fee - £156.00 (inc VAT)

All funds must be received and cleared in our bank account prior to move in. The preferred payment method is by bank transfer.

Any payments made by credit card may be subject to an additional charge.

If you require further information please contact the lettings office on .

Property features

  • Two double bedrooms
  • Two bathrooms
  • Porter
  • Communal heating and hot water
  • Secure underground parking
  • EPC Rating - C
  • EPC
Travel time to work:

  • St. James's Park - 0.42km, 6 mins walk
    • Circle
    • District
  • Pimlico - 0.72km, 11 mins walk
    • Victoria
  • Westminster - 0.77km, 12 mins walk
    • Circle
    • District
    • Jubilee

Rental Yield

Average rental value

£589pw

Average weekly rent of nearby 2 beds.

Annual rental yield

3.6%

Gross yield if rented for the average rent.

Sale price

Average asking price

£1,020,810

Average asking price of nearby 2 beds.

Value for money

17% cheaper

This property is cheaper than average.

Price growth

Last 5 year price growth

Property prices in this area have increased at this rate per year over the last 5 years.

Estimated Value in 5 years

If historic price growth continues, this property could be worth this much in 5 years.

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Marketed by

Andrew Reeves - Westminster & Belgravia
81 Rochester Row, Westminster, London, SW1P 1LJ

020 8022 3259

Contact agent