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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 income-producing residential investment property consists of four self-contained flats, located 0.7 miles from Tolworth Station, which offers direct access to London Waterloo in 28 minutes. The property, measuring 1,613 sq ft NIA, is fully let, producing a rent of £61,200 per annum. It is being sold at a significant discount to its breakup value, offering potential for further development, subject to obtaining necessary consents. The property also comes with four parking spaces, two at the front and two at the rear, and is being sold freehold. With a guide price of £700,000, the property offers a gross yield of 9.00% and a low capital value of £434 psf based on the NIA.