Our Summary

Potential to extend (loft and rear, STPP)

A rare opportunity to acquire a freehold mid-terrace building in Streatham Common, SW16, currently arranged as two self contained flats (one two bedroom and one three bedroom), offering both immediate rental income and significant potential to extend or reconfigure (STPP)

There is clear scope to enhance the property further, including potential to extend into the loft and to the rear (subject to the usual planning consents), offering an opportunity to increase both capital value and rental income

Income & Investment Angle • Current Rental Income: £18,900 per annum (first floor flat) • Vacant Unit: Ground floor flat (potential additional income) This layout presents multiple options for developers and investors, including: • Reconfiguration into a single family dwelling • Enhancement of the existing flats to maximise rental income • Extension into the loft and rear (STPP) • Potential to improve layout, specification, and overall value Location Gleneagle Road is a well-positioned residential street in Streatham, within easy reach of a wide range of local amenities along Streatham High Road

A versatile freehold property offering both immediate income and long-term development potential in a well-connected South London location

Description

The property is a freehold mid-terrace building in Streatham Common, arranged over three floors and comprising two self-contained flats. The ground floor flat is a 2-bedroom unit with direct access to a private rear garden, while the first floor flat is a 3-bedroom unit, currently let on an Assured Shorthold Tenancy generating £1,575 pcm. Both flats are presented in good decorative order.

The property also features a cellar and off-street parking for two vehicles. The EPC rating for both flats is Band D. There is potential to enhance the property through extension into the loft and rear, subject to planning consents.

5 bed terraced house

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Our Summary

Description