House For Sale £750,000
.The following property has come back on the market. Please arrange for the floor plan and photos to be taken. Below is the property description.
Introducing Bellingham Road, SE6 3HD, an exceptional investment opportunity in a prime location. Originally a 3-bedroom, 2-reception home, this property has now been granted planning permission to be converted into 4 separate units.
Boasting its own private drive and garden, this property offers both convenience and outdoor space for residents to enjoy. Each of the 4 units is eligible for council tax, making it an ideal investment for those seeking multiple streams of rental income.
The property comprises 2 studios and 2 one-bedroom units, each designed to provide comfortable and modern living spaces. The existing tenants in 2 of the units are currently paying £1000 each, demonstrating the property's potential for generating stable rental income.
Furthermore, there are 2 additional co-lets within the property, with a studio unit commanding a rental of £1050 and a one-bedroom unit fetching £1100 per month. The combined rental income from all 4 units amounts to an impressive £4,150 per month. Each unit pays £130 per month for utility bills. The rental Yield is an impressive 7.7%.
Located in a desirable area, this property offers excellent transport links, proximity to amenities, and a strong rental market. Whether you are an investor looking to expand your portfolio or a buyer seeking a property with rental income potential, Bellingham Road presents a fantastic opportunity.
