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2 bed Flat For Sale £500,000
Broxholm Road, West Norwood SE27
previous price £450,000


Description
  • Balcony
  • On street/residents parking
  • Central heating
  • Double glazing
  • Investment Property
  • Fully Tenanted
  • 3.67% Gross Rental Yield
  • £18,360 rent per annum
  • 42.36% hpi (last five years)
West Norwood is a residential area in the borough of Lambeth, south east London. It is situated 5.4 miles south south-east of Charing Cross.
London is famous for its fantastic transport routes and the location of this property is no exception. This property is conveniently only ten-minutes on foot to West Norwood railway station, which runs services to Victoria, Clapham Junction and London Bridge. This property benefits also from being around a 15-minute walk away from Tulse Hill Station, which offers many more services to destinations such as; London Blackfriars, City Thameslink, Luton Airport, Kings Cross and St. Albans. In addition, there are several bus routes in the local area which can provide regular services to surrounding areas and to the closest tube station which is in Brixton.
West Norwood is becoming an increasingly popular location for young working individuals looking for a residential area that has quick transport links to the city of London. Especially as the borough of Lambeth has much to offer in the form of attractions and culture. In fact, this property is just around the corner from the South London Theatre Centre, which shows over 22 productions annually. Regeneration is taking place in this area, with West Norwood Picturehouse and Library due to be open later this year, and with it an influx of new shops and boutiques. Also, with Brixton in such proximity, there is a vast array of famous live venues, bars and charming independent restaurants serving cuisine from across the globe.
As this home is based in the capital there are thousands of job opportunities in the local area and throughout the centre of the city, where there are more than numerous adequate travel options to get you there.
This home could be ideal for a young family that is looking for schooling options within the local area. The closest primary school is Hitherfield Primary that is only a short ten-minutes around the corner from this property and provides co-ed education from the ages of 3-11. Alternatively, Dunraven School is under ten-minutes away and offers schooling for all phases of education.

* Type: Apartment
* 2 bedroom; 2 bathroom; 1 reception
* Price: £499,950 leasehold
* Length of lease: 125 years, starting in April 1989
* Ground rent: Tbc
* Expected rent: £1530 pcm; £18,360 pa
* Expected gross yield: 3.67%
* Tenancy type: Ast
* Tenancy start date: 27/02/18
* Tenancy term: 12 months
* Deposit amount: £1,530

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