House For Sale London Road, London, SE23

£1,550,000

1 of 15
  • Description
  • Floor Plan
  • Street View
  • Maps
Last Updated: 8th May 2024

Description

The property is a four-storey semi-detached building internally altered to form five self-contained flats situated on a large corner plot.  The five flats comprises of 1 x 3 bed, 2 x 2 bed, 2 x 1 bed along with a large communal garden. We believe the garden maybe viable for further planning opportunities (Subject to relevant consents).\r
\r
The flats are all tenanted and are on short-term tenancies. The property currently generates an income of £63,900 per annum and we believe based on local comparable searches that the flats maybe under-rented.  The property can be sold with vacant possession.\r
\r
The property is situated in the London Borough of Lewisham.  It is a short walk from the Forest Hill Train station (0.3 miles). This station provides direct access to London Bridge in 20 minutes. In addition, the local High Street is a short walk away with plenty of amenities nearby including the Horiman Museum and Dulwich Park.\r
\r
The A205 is situated directly outside the property which offers direct access into Richmond and Greenwich. The A23 runs on the western part of the property which which offers direct access into Surrey and Central London. There are multiple bus routes nearby including the 176 which offer connectivity to the rest of South London.\r
\r
Gatwick Airport is 60 minutes drive and is accessible via the M23. Heathrow Airport is 65 minutes drive away and is accessible via M4.  
Agent Details
Whozoo
Unit 2, 2 Delacourt Road, London, SE3 8XA

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this property. See more properties like this.

£425,000
London, SE23
Ground Floor Flat
9.9
£650,000
London, SE23
End Terrace
8.7
£400,000
London, SE23
Flat
8.6
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested