Property photos
£1,900,000
Land for sale
Northborough Road, London SW16EPC rating: D
Key Information
Local area information
Property location
Nearby amenities
- Harris Primary Academy Merton 0.2 miles
- Harris Academy Merton 0.2 miles
- Norbury 0.7 miles
- Mitcham Eastfields 0.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- 7 Units in Total
- All rented out
- Great rental income
- Extension agreed to further extend (expired)
- Great location
- Open date for viewing
An attractive investment opportunity presents itself with a existing development of six modern flats and a charming 3-bedroom bungalow, nestled at the vibrant junction of Northborough Road and Lyndhurst Avenue in Norbury, South West London.
Currently generating an annual rental income of £121,600, this property portfolio comprises:
2 Studios: 32 square meters each
2 One-bedroom Flats: 40 square meters and 30 square meters respectively
1 Two-bedroom Flat: 60 square meters
1 Three-bedroom split level flat: 74 square meters
1 Three-bedroom Bungalow: 74 square meters
Notably, in 2019, the property owner successfully obtained planning consent for additional extensions on the side and rear of the flats. Although the planning permission has lapsed, it can be reinstated, offering significant potential to enhance rental yields and capitalize on the property's prime location.
Call for additional details
Currently generating an annual rental income of £121,600, this property portfolio comprises:
2 Studios: 32 square meters each
2 One-bedroom Flats: 40 square meters and 30 square meters respectively
1 Two-bedroom Flat: 60 square meters
1 Three-bedroom split level flat: 74 square meters
1 Three-bedroom Bungalow: 74 square meters
Notably, in 2019, the property owner successfully obtained planning consent for additional extensions on the side and rear of the flats. Although the planning permission has lapsed, it can be reinstated, offering significant potential to enhance rental yields and capitalize on the property's prime location.
Call for additional details
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
Floor plans and tours
Floor plans
No floor plan available
Tours
No virtual tour available
More information
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Listed by
Bairstow Eves - Norbury Sales
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