This property is no longer on the market
5 bedroom terraced house
Key information
Property description & features
- Tenure: Freehold
- Call NOW 24/7 or book instantly online to View
- HMO INVESTMENT Opportunity
- 5 double bedroom terraced house
- 4 shower rooms - Kitchen breakfast room
- 2 reception rooms - Laundry room
- Potential to improve rental income - current YIELD 4.88%
- Potential to convert to 3 flats - subject to planning
- Close to Elephant & Castle, Bermondsey and Borough
Convenient for many routes! Close to Elephant & Castle in one direction (Via New Kent Road & has the nearest tube station) and Bermondsey (Old Kent Road/Bricklayers Arms) in the other direction along with Borough and Tower Bridge Road as one heads towards the River Thames. Positioned just outside the Congestion Zone south of the New Kent Road, yet only a few minutes walk of excellent shops, services, restaurants, bars and gyms.
This substantial 5 bedroom STAGGERED END OF TERRACE house is currently set up as an HMO but could easily be a large family home if the new owners wanted to serve notice to the tenants and gain vacant possession. However, as an HMO with a license currently for 5 individuals the rental income is £4073.33 per month, that's £48,880 per year and a yield of about 4.88%.
The house could offer further bedroom space and therefore maximise the rental potential should a further HMO license be granted for more occupants.
A brief summary of the space includes a spacious hallway, a good sized front living room with bay window, high ceilings and some original character features. The separate dining room is currently used as a bedroom. There is a good sized kitchen breakfast room off which is the Laundry room, and two shower rooms. On the first floor there is a good sized landing, a master bedroom at the front of the house with bay window and then further bedroom overlooking the rear. At the rear of the first floor there are two separate shower rooms plus a further double bedroom currently used as a storage room. On the top floor there are two further double bedrooms.
At the rear and leading along the side of the kitchen to the main walled garden is the private outside area.
Parking is via residents permit on the street outside.
Interested buyers should verify the rental income figures and any terms of the current tenancies themselves/via solicitors should this be of importance to them.
POTENTIAL to convert the house into 3 flats - subject to planning permission.
NOTICE could be served to the tenants if vacant possession was required and used as a family house.
This property includes:
- 01 - Porch
- 02 - Hall
Stairs to first floor, storage cupboard, door to rear garden/side - 03 - Living Room
Bay window to front - 04 - Bedroom/Living Room
Dining room currently used as a bedroom, window to rear - 05 - Kitchen / Breakfast Room
Windows to the side, fitted units with oven and hob - 06 - Lobby
- 07 - Laundry Room
Window to side, space for appliances, central heating boiler (Untested) - 08 - Shower Room
Shower cubicle - 09 - Shower Room
Window to rear, shower cubicle, wash basin, wc - 10 - Landing
Split area and offers storage space, stairs to 2nd floor - 11 - Bedroom
Bay window to front, window to front. - 12 - Bedroom
Window to rear - 13 - Shower Room
Window to side, shower cubicle, wash basin, wc - 14 - Shower Room
Shower cubicle, wash basin, wc - 15 - Bedroom
Window to rear. Currently used as a store room - 16 - Landing
Window to rear. - 17 - Bedroom
Windows to the front - 18 - Bedroom
Window to rear - 19 - Garden
Paved walkway leads to the main walled garden area. - 20 - Front Garden
Open plan - Please note, all dimensions are approximate / maximums and should not be relied upon for the purposes of floor coverings.
Additional Information:
Band E (39-54)
Marketed by EweMove Sales & Lettings (Southend) - Property Reference 42503
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Broadband availability and predicted speed: obtained from Ofcom on December 26, 2021
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 26, 2021
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