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5 bedroom house for sale
Briscoe Road (R), London SW19
£750,000
Briscoe Road (R), London SW19
£750,000
Our Summary
- Scope to enhance rents and possible re development / re configurationDescription - Freehold income producing investment for sale comprises end terrace freehold house (no garden) which has been extended into the roof space and converted into a 5 bedroom HMO + self contained studio flatThe condition is good / basic and would benefit from a further extension and re configuration to maximise the potential incomeGround floor: Communal lounge, kitchen, Utility room, room 1First floor: 4 x rooms, bathroom + WC, Shower room + WCSecond floor: self contained studio flat with shower roomLocation - The property is situated on a residential road just 30 seconds off the High Street and offers immediate access to a number of shops, restaurants and transport links making this a real hot spot for rentersThe property would attract not only locals but City workers with Northern Line access needed and staff from St Georges Hospital which only a 5 minute walk awayNearest Stations Colliers Wood Underground (northern Line) 0
- 5 milesWimbledon 1 mileIncome - The rooms are let on ASTs and fully compliant with Gas certs, EICR, How to Rent guides and EPCs provided to tenantsTenants rent includes all bills and the approximate outgoings for the landlord is £1,900 per quarter - All tenancies are currently periodic - 2 rooms are vacant for viewing purposesCurrent income : £56,052 p/a Projected income : £65,700p/aPlanning - Subject to the relevant consents it is felt that an additional floor could be added to the property and re configured creating additional space / incomeTerms - Guide Price £750,000 FreeholdThe property is to be sold with all tenants in situViewings - Contact sole agents Christopher St James[use Contact Agent Button]
Description
This is an investment opportunity for sale, involving a freehold property with 5 double rooms and a self-contained studio flat. There is potential to increase rental income and possibly redevelop or reconfigure the property. The property is in good condition but could benefit from further extension and reconfiguration. It is located on a residential road close to shops, restaurants, and transportation links, making it attractive to renters, including local residents, City workers, and staff from St Georges Hospital. The nearest stations are Colliers Wood Underground and Tooting British Rail. The rooms are currently let on ASTs with all bills included in the rent. The approximate quarterly outgoings for the landlord are £1,900. The current annual rental income is £56,052, with a projected income of £65,700. The property may have potential for additional floors and reconfiguration, subject to relevant consents. The guide price for the property is £750,000 as a freehold. Viewings can be arranged through the sole agents Christopher St James.