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Full description

£1,500,000

A fantastic chance to acquire this rental investment currently producing £87,000 per annum. The property comprises 8 x en-suite rooms extending to a total area of approximately 2,123sqft GIA.

 

Property comprises a mid-terrace 4 storey house, split into 2 flats arranged across lower ground, ground and 2 upper floors. 

 

Decorated to a very high standard, offering luxury co-living accommodation, consisting of large double en-suite rooms, 3 x fully equipped shared kitchens and a rear garden.

 

Internal features include double glazed windows, USB sockets, Grade A fire alarm system, smart thermostats, newly installed heating and hot water systems, as well as washing and drying machines. 

 

Kitchens provide large fridge-freezer, cooker with oven and grill, dishwasher, microwave and toaster.

10 minutes’ walk from Crystal Palace & Gipsy Hill Railway Stations.

All of the rooms are currently let on ASTs, producing a rental income of £87,000 per annum.

 

The property is currently reflecting a gross initial yield of 5.8% at a purchase price of £1,500,000.

The property is available freehold subject to the existing tenancies.

Additional Information

Investor only

Freehold

EPC Rating: D

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