This property has been taken off the market.

3 Bed Flat For Sale Breakspears Road, London, SE4

£380,000- Flat

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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 27th April 2024

Description

StrapLine

Auction Sale - 08/05/2024

Of Interest to Investors. A First floor Three Bedroom Flat.

Currently Let - Producing £10,756 per annum.


Description

The property comprises a three bedroom first floor flat which includes an attic that may have further possible development potential subject to requisite consents.

The property is currently let on two separate tenancies at a current rent of £10,756 per annum payable on the 1st Friday of month.

We are advised that one room is vacant which would give instant asset management opportunity to a potential buyer.

Situated on the established and popular Breakspears Road, the area is popular with young professionals and families, with strong transport links to Central London.


Location

The property is situated approximately 0.2 miles to Brockley station, and is also close to Crofton Park, and St John’s, stations, all offering excellent links direct into London Bridge, Cannon Street, Canada Water and Whitechapel.


Transport

  • Brockley Station - 0.2 miles
  • Crofton Park Station - 0.6 miles
  • St. John's Station - 0.6 miles

Tenancy

The front bedroom within the flat is currently let on an Assured Shorthold Tenancy (AST) from 15th November 2021 and paying £450 per calendar month. 


The second bedroom is currently let on a regulated tenancy from December 1984 at a current rent of £446.36 per calendar month.


The third bedroom is currently vacant.


Accommodation

Comprising : Three bedrooms, kitchen/lounge, bathroom/WC, balcony.

Approx. gross internal floor area (from EPC register)

Agent Details
Savills Auctions
33 Margaret Street London W1G 0JD

Investment Analysis

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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.
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