Property

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Property

Norwood High Street, West Norwood, London SE27
£4,000,000

Our Summary

  • Residential Investment Opportunity in vibrant West Norwood
  • Prime Residential Investment Opportunity in vibrant West Norwood
  • Development Potential: Opportunity for vertical extension to increase value

Description

This prime residential investment opportunity is situated on Norwood High Street in West Norwood, a vibrant area just five miles south of Central London. The freehold building, converted in 2021, features 18 residential flats arranged over three floors, with a rear yard and car park. The property has a mix of traditional and modern construction, with the northern part dating back to the 19th century and the remainder built in the 1980s. The flats are all let on Assured Shorthold Tenancies (ASTs) and generate an annual income of £243,144. The property benefits from a convenient location, with West Norwood Railway Station just 200 meters away, offering direct routes into Central London. The area offers a range of amenities, including green open spaces and transport links, making this a highly desirable investment opportunity.