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5 bedroom semi-detached house for sale
Red Lion Road, Surbiton, Surrey, KT6
£700,000
Red Lion Road, Surbiton, Surrey, KT6
£700,000
Our Summary
- Potential to increase the massing by adding an additional floor, subject to obtaining the necessary consents
Description
This is a rare opportunity to acquire a fully let, income-producing residential investment property comprising four self-contained flats in a convenient location, just 0.7 miles from Tolworth Station with direct access to London Waterloo. The property measures 1,613 sq ft NIA and is currently producing a rent of £61,200 per annum, offering a significant discount to its breakup value. With potential to increase the massing by adding an additional floor, subject to necessary consents, this freehold property also features four parking spaces and offers a gross yield of 9.00% and a low capital value of £434 psf. The guide price is £700,000 +, reflecting a solid investment opportunity in the area.