House For Sale £570,000
Pelham Road, Northfleet, Gravesend DA11

Heritage Estates are delighted to offer this excellent investment opportunity. The house is licenced as an HMO (House of Multiple Occupancy) and has 8 bedrooms all occupied currently producing £38,480 per annum in rent. There is parking to the rear with access from Darnley Road and scope to extend. In 2014 there was planning approved to convert the building to 4 flats. The owner advises that planning was implemented so can continue. The location is a 5 minute walk to Gravesend Town Centre and British Rail station with high speed link into London. Contact Heritage Estates for further information or to arrange a viewing on .

Front Facade

The property is a period property which is end of terrace. Pelham Road is part of Gravesham's conservation area.

Side View Of Property

The green to the left-hand side of the property is a public area with seating and provides a pleasant walk-through from Pelham Road to Darnley Road.

Parking

Suitable for several cars. Possible scope to extend the building to the rear, subject to appropriate consents.

Access To Parking

Parking access is from Darnley Road.

HMO Licence

The property was licenced for 10 occupants and 8 households. Copy of the HMO Licence available upon request. Document dated 16 April 2015.

The image shown is of Room 2 on the ground floor - a large double studio room.

Planning For 4 Flats

Planning permission was granted on 8 August 2014 for 3 self-contained flats and 1 bedsit. Planning Application Reference: 20140269. Copy of the Notification of Grant of Permission to Develop and Drawings available upon request. The owner advises that planning was implemented so can continue.

The image shown is of one of the ground floor bathroom facilities.

Hall, Stairs & Landing

The ground floor comprises of entrance, hallway, access to the cellar; kitchen; two bathrooms; rooms 1 & 2. There is access to the garden from the kitchen.

Rental income room 1: £100 per week.
Rental income room 2: £100 per week.

Bathroom

Image shows the second bathroom facility on the ground floor.

First Floor Room No 3

The first floor has 4 rooms (Nos. 3,4,5 & 6).

Rental income room 3: £50 per week;
Rental income room 4: £100 per week;
Rental income room 5: £120 per week;
Rental income room 6: £90 per week.

Landing (First Floor)

These leads up to the second floor which has two further rooms:

Rental income room 7: £90 a week;
Rental income room 8: £90 a week.

There is potential to create studio rooms with en-suites and kitchenettes which would increase rental yields on each room with these facilities.