5 bedroom detached house for sale

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5 bedroom detached house for sale

Parklands, Surbiton, Surrey, KT5
£675,000

Our Summary

  • FIRST TIME ON THE MARKET IN 50 YEARS TO BE SOLD AT ALLSOP AUCTION 17TH & 18TH SEPTEMBER 2025 - UNLESS SOLD PRIOR Income Producing Residential Investment An opportunity to acquire 5 x studios across two neighbouring blocks

Description

This is a rare opportunity to acquire a 5-unit studio complex, comprising two neighboring blocks, which is being sold at auction on September 17th and 18th, 2025. The property is located just 0.6 miles from Surbiton Station, offering direct access to London Waterloo in 17 minutes. The five studios, measuring 1,324 sq ft in total, are currently producing a passing rent of £41,100 per annum, with one studio vacant. With an estimated rental value of £72,000 per annum, the property offers an immediate reversion, and is being sold freehold (except for one studio, which is a new 999-year leasehold). The guide price is £675,000, reflecting a reversionary yield of 10.67%.