This property is no longer on the market
Block of apartments
Key information
Property description & features
- Tenure: Freehold
Exceptional Freehold Investment Property in Camberwell, SE5 9PL
Asking Price: £1.6 MillionOverview
Introducing a remarkable investment opportunity in the highly desirable Camberwell area, SE5 9PL. This freehold property comprises residential and commercial units, each generating substantial income. With an asking price of £1.6 million, the property offers a robust gross annual yield of approximately 7.8% (£125,200), serving as an excellent investment vehicle.
Property Highlights
First Floor 4-Bedroom Flat
- Two roof terraces
- One en-suite room
- Annual Yield: £36,000
Ground Floor 4-Bedroom Flat (Rear)
- One en-suite room
- Annual Yield: £37,200
Commercial Premise
- Leased to a Budgens franchise with a 20-year agreement
- Annual Yield: £52,000
Leasehold Second Floor Flat
- 146 years remaining
- Peppercorn ground rent and service charge for communal work
Location & Area Benefits
Situated in the heart of Camberwell, the property is perfectly positioned to benefit from local amenities and excellent transport links. Plus, its proximity to Brixton provides access to an array of shopping centers, eateries, and entertainment venues. Whether you're looking for the lively atmosphere of city life or a tranquil residential setting, this area offers both.
Future Expansion Opportunities
An architect has advised that there is untapped potential to expand by creating a new flat in the loft space. The minimum achievable size for this additional flat is 45 sqm, offering another avenue to enhance the property's annual yield and overall investment appeal.
Investment Metrics
At the asking price of £1.6 million, the property's gross annual yield stands at £125,200, translating to a healthy return on investment. Given the promising annual yields, prime location, and future expansion opportunities, this is an investment not to be missed.
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 1cel_720313256. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by 1st Choice Estates - Camberwell.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 17, 2021
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
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 23, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
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
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.