£600,000
Est. Mortgage £2,737 per month*
Studio flat for sale
London, SW16
studio Flat Property description
An excellent opportunity to acquire a well-let property in the heart of Streatham, comprising a fully licensed four-bedroom HMO, each with ensuite facilities. The property includes a shared communal kitchen and generates a strong gross income of approximately £51,900 per annum. With modest operating costs of around £4,800 per annum, the investment reflects an attractive 8.65% gross yield (approximately 7.41% net yield after operating and acquisition costs).
Held under a long lease of approximately 140 years, the property offers scope for value enhancement through a loft conversion (STP) to create an additional unit or improved amenity space. Located within the Streatham Common Conservation Area, recent precedents for dormer extensions to neighbouring properties suggest potential for similar approvals.
Location
Prominently positioned on Streatham High Road - one of South London’s busiest and best-connected routes. The area offers excellent amenities including cafés, gyms, supermarkets, and independent shops, with Streatham Common and The Rookery Gardens nearby.
Transport
Streatham Common Station (0.3 miles) provides direct services to London Victoria and London Bridge in 25min. Streatham Station (0.5 mi) and Norbury Station (0.8 mi) offer further fast connections, while numerous bus routes link to Brixton (Victoria Line), Croydon, and Tooting.
Opportunity
A turnkey, income-producing HMO with strong yields and scope to increase value through loft conversion (STP), supported by recent local planning precedents within the conservation area.
Held under a long lease of approximately 140 years, the property offers scope for value enhancement through a loft conversion (STP) to create an additional unit or improved amenity space. Located within the Streatham Common Conservation Area, recent precedents for dormer extensions to neighbouring properties suggest potential for similar approvals.
Location
Prominently positioned on Streatham High Road - one of South London’s busiest and best-connected routes. The area offers excellent amenities including cafés, gyms, supermarkets, and independent shops, with Streatham Common and The Rookery Gardens nearby.
Transport
Streatham Common Station (0.3 miles) provides direct services to London Victoria and London Bridge in 25min. Streatham Station (0.5 mi) and Norbury Station (0.8 mi) offer further fast connections, while numerous bus routes link to Brixton (Victoria Line), Croydon, and Tooting.
Opportunity
A turnkey, income-producing HMO with strong yields and scope to increase value through loft conversion (STP), supported by recent local planning precedents within the conservation area.
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Council tax
First listed
6 days agoEnergy Performance Certificate
London, SW16
Marketed by
Whozoo - London Unit 2, 2 Delacourt Road Blackheath, London SE3 8XACall agent on 020 8115 1506
Placebuzz mortgage repayment calculator
Monthly repayment
£2,737
We think you can borrowAdd your household income
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
London, SW16 - Streetview
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