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Studio flat for sale
Brighton Road, Coulsdon CR5
£130,000
Brighton Road, Coulsdon CR5
£130,000
Our Summary
- A good sized first floor studio conversion provides ideal investment opportunity
- This large open plan studio has been freshly decorated but does need further improvements
- Great investment potential as fully modernised this property would probably achieve a rental figure of around £900/ 950pcm
Description
This first-floor studio conversion offers a great investment opportunity, with a large open-plan space that could be divided into two areas. The property is located just a short walk from Coulsdon Town Centre and two railway stations, and features a bathroom, gas central heating, double glazing, parking for one car, and use of a communal garden. While it needs further improvements, the property has been freshly decorated and has great potential to be modernized and rented out for a significant income, potentially earning around £10,800 to £11,400 per year. The property is leasehold, with 125 years remaining on the lease, and comes with a ground rent of £350 and service charges of £1,407.15 per annum, which also includes buildings insurance.