This property is no longer on the market
4 bedroom semi-detached house
Key information
Property description & features
- Tenure: Freehold
- Being Sold via Secure Sale online bidding. Terms and Conditions apply.
- Four Bedroom End of Terrace
- Gas Central Heating
- Planning Permission to Convert to 3 Flats
- Two Bathrooms
- Two Receptions
- Garden
- Conservatory
- Balcony
The house is currently set up as a 4 bedroom 2 bathroom home which is let out and achieving £2795pcm (that's £33,540pa) giving a yield of 4.7% based on the advertised sales price.
Notice would need to be served in line with the terms of the current tenancy agreement should the buyer require the tenants to vacate.
The property also has planning permission granted to convert to 3 good sized flats - On the ground floor a 3 bedroom, 2 bathroom flat with rear terrace - On the first floor a 2 bedroom, 2 bathroom flat with a balcony - and on the top floor a 1 bedroom flat with a balcony.
Development options - Should the buyer be interested in the development aspect then here are some numbers which may be of interest.
Example: Purchase price £700,000, Conversion costs to 3 flats approx. £350,000, so that's approx. £1,050,000. The GDV is thought to be in the region of £1,400.000 - potential profit approx. £350,000.
Maintained in good decorative order and nicely presented throughout, this family house has southerly aspect views over Norbury Park.
Streatham Common and The Rockery are not far away. Norbury station is close by as are a good selection of shops and schools.
Council Tax Band: E
Tenure: Freehold
Places of interest
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Broadband availability and predicted speed: obtained from Ofcom on January 14, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 14, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on November 6, 2014 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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