Studio Flat For Sale £129,000
Fantastic investment opportunity
We offer this superb studio flat located within an old Victorian house. This property would ideally suit an investor due to its location, Forest Hill is a highly desirable area for renting and the flat brings in a very attractive yield of around 7-8%. A cash buyer is preferable as there may be complications with some lenders to get a mortgage on a property of this size.
The location is superb offering a high street with all local amenities and shops/restaurants and for commuters, it is a 10min walk to Forest Hill train and tube station.
The flat can be sold tenanted and currently achieves a rent of £750 pcm. The current tenants are very reliable and have been in the property for over 4 years and have never missed a rent payment. However, if the property is required to be vacant then the current tenants can be given notice
The home was entirely renovated in 2016 where a new kitchen was installed with a new oven, fridge and washing machine added and new flooring throughout. New shower and toilet was also installed in the bathroom.
Double glazed & gas fired central heating
Street parking
Low service charge as landlords did Right to Manage to reduce costs.
Lease - 111yrs remaining
We offer this superb studio flat located within an old Victorian house. This property would ideally suit an investor due to its location, Forest Hill is a highly desirable area for renting and the flat brings in a very attractive yield of around 7-8%. A cash buyer is preferable as there may be complications with some lenders to get a mortgage on a property of this size.
The location is superb offering a high street with all local amenities and shops/restaurants and for commuters, it is a 10min walk to Forest Hill train and tube station.
The flat can be sold tenanted and currently achieves a rent of £750 pcm. The current tenants are very reliable and have been in the property for over 4 years and have never missed a rent payment. However, if the property is required to be vacant then the current tenants can be given notice
The home was entirely renovated in 2016 where a new kitchen was installed with a new oven, fridge and washing machine added and new flooring throughout. New shower and toilet was also installed in the bathroom.
Double glazed & gas fired central heating
Street parking
Low service charge as landlords did Right to Manage to reduce costs.
Lease - 111yrs remaining
