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3 bedroom semi-detached house for sale
Sherwood Park Road, Sutton, London, SM1
£425,000
Sherwood Park Road, Sutton, London, SM1
£425,000
Our Summary
- Potential to increase the rents with an Estimated Rental Value of £36,000 per annum
- Potential to add value through subdivision of Flat 1 and/or rear extension STPP
Description
This property is a rare opportunity to acquire a fully let, income-producing residential investment comprising two self-contained flats. Located just 0.4 miles from West Sutton Station and 0.6 miles from Sutton Station, the property offers easy access to London Bridge in just 33 minutes. The 1,238 sq ft NIA property is currently let for £26,400 per annum, with potential to increase the rent to an estimated £36,000 per annum. Being sold at a significant discount to the breakup value, the property offers a reversionary yield of 8.47% and a low capital value of £343 per sq ft. The property is freehold and offers potential for value addition through subdivision of Flat 1 and/or rear extension subject to planning permission.