Property description
LBC introduces Bellingham Road, SE6, an exceptional investment opportunity in a prime location. This property has been granted full planning permission and has been converted to 4 self contained flats.
Boasting its own private drive and garden, this property offers both convenience of location and outdoor space for residents to enjoy. Each of the 4 units is eligible for council tax, making it an ideal investment for those seeking multiple streams of rental income.
The property comprises 2 studios and 2 one-bedroom units, each designed to provide comfortable and modern living spaces.
The studio units are currently achieving a rental of £1050 and the one-bedroom are achieving £1100 per month. The combined rental income from all 4 units amounts to an impressive £4,150 per month. Each unit pays £130 per month for utility bills. The rental Yield is an impressive 7.7%.
Located in a desirable area, this property offers excellent transport links, proximity to amenities, and a strong rental market. Whether you are an investor looking to expand your portfolio or a buyer seeking a property with rental income potential, Bellingham Road presents a fantastic opportunity.
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