>
Maximfeldt Road, Erith 3 bed terraced house for sale
Maximfeldt Road, Erith
£425,000
Maximfeldt Road, Erith
£425,000
Our Summary
- * GUIDE PRICE - £425,000 - £450,000 * A rare investment opportunity to buy this freehold house conversion which consists of two separate one-bedroom apartments which has planning granted, new125 year leases to be created for the title to be split upon exchange of contracts
- The owner has also obtained planning permission for a rear extension to added to the ground floor apartment, converting it into a luxury and spacious two-bedroom apartment with open plan living space overlooking the private garden
- The current expected rental value for each apartment is between £1400 - £1500pcm, which could increase to £1800-£1900pcm for the ground floor as an extended two-bed & £2300+pcm for the split level first floor flat once extended (STPP), whilst also adding capital value for future consideration
- Planning Permission Granted
- Potential To Add Value & Extend
- Potential To Add Value & Extend
Description
This rare investment opportunity presents a freehold house conversion consisting of two separate one-bedroom apartments, with planning permission granted for a rear extension to convert the ground floor apartment into a luxurious two-bedroom apartment with private garden views. The first floor flat also has potential for loft extension, creating a split-level apartment with additional bedrooms. The expected rental value for each apartment is £1400-£1500pcm, which could increase to £1800-£1900pcm for the ground floor and £2300+pcm for the first floor once extended. The property is located near Erith station, with access to the Elizabeth Line, and benefits from nearby shopping, cafes, restaurants, and schools, making it an attractive rental prospect. The owner is also marketing the flats separately, but this marketing is for investors looking to purchase the whole freehold unit containing both flats.