House For Sale Northborough Road, London, SW16
£1,900,000
1 of 11
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Last Updated: 9th May 2024
Description
An attractive investment opportunity presents itself with a existing development of six modern flats and a charming 3-bedroom bungalow, nestled at the vibrant junction of Northborough Road and Lyndhurst Avenue in Norbury, South West London.
Currently generating an annual rental income of £121,600, this property portfolio comprises:
2 Studios: 32 square meters each
2 One-bedroom Flats: 40 square meters and 30 square meters respectively
1 Two-bedroom Flat: 60 square meters
1 Three-bedroom split level flat: 74 square meters
1 Three-bedroom Bungalow: 74 square meters
Notably, in 2019, the property owner successfully obtained planning consent for additional extensions on the side and rear of the flats. Although the planning permission has lapsed, it can be reinstated, offering significant potential to enhance rental yields and capitalize on the property's prime location.
Call for additional details
Currently generating an annual rental income of £121,600, this property portfolio comprises:
2 Studios: 32 square meters each
2 One-bedroom Flats: 40 square meters and 30 square meters respectively
1 Two-bedroom Flat: 60 square meters
1 Three-bedroom split level flat: 74 square meters
1 Three-bedroom Bungalow: 74 square meters
Notably, in 2019, the property owner successfully obtained planning consent for additional extensions on the side and rear of the flats. Although the planning permission has lapsed, it can be reinstated, offering significant potential to enhance rental yields and capitalize on the property's prime location.
Call for additional details
Agent Details
Bairstow Eves
1455, London Road, London, SW16 4AQ
Show Contact Number
020 3151 4095
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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.
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.