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2 bedroom apartment for sale
Canonbie Road, London, SE23
£350,000
Canonbie Road, London, SE23
£350,000
Our Summary
- Flat 4, 114 Canonbie Road, London SE23 3AG Asking Price: £350,000 Tenure: Leasehold - New 130-Year Lease on Completion Current Rent: £1,700 PCM | Tenants in Situ ________________________________________ Overview An excellent investment opportunity in the heart of Forest Hill, this well-proportioned two-bedroom first-floor apartment offers spacious living, a private balcony, garage, and access to generous communal gardens
- The property will be sold with tenants in situ and will benefit from a brand-new extended lease of approximately 130 years, which is currently being arranged by the seller at a personal cost of £75,000, meaning the buyer will inherit the new lease on completion
Description
This two-bedroom, first-floor apartment in Forest Hill, London, is an excellent investment opportunity. The property is currently let to two tenants for £1,700 per calendar month, providing immediate rental income. The seller is arranging a brand-new 130-year lease, which will be inherited by the buyer on completion. The property features a private balcony, garage, and access to generous communal gardens. With its sought-after location, excellent connectivity, and proximity to the Horniman Museum & Gardens, this flat is well-suited for long-term rental investment. The area is renowned for its exceptional choice of educational institutions, and the property is close to Forest Hill Station, providing easy access to London Bridge, Canada Water, and Canary Wharf. With a strong rental yield of 5.9% and a newly extended lease, this property offers a stable and profitable investment opportunity for buyers seeking future capital growth prospects.