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444C Streatham High Road, Lambeth... Residential development for sale
444C Streatham High Road, Lambeth, London, SW16
£550,000
444C Streatham High Road, Lambeth, London, SW16
£550,000
Our Summary
- Held under a long lease of approximately 140 years, the property offers scope for value enhancement through a loft conversion (STP) to create an additional unit or improved amenity space
- Located within the Streatham Common Conservation Area, recent precedents for dormer extensions to neighbouring properties suggest potential for similar approvals
- OpportunityA turnkey, income-producing HMO with strong yields and scope to increase value through loft conversion (STP), supported by recent local planning precedents within the conservation area
Description
This is an excellent investment opportunity in the heart of Streatham, comprising a fully licensed four-bedroom HMO with ensuite facilities, generating a strong gross income of approximately £51,900 per annum. The property is located on Streatham High Road, one of South London's busiest and best-connected routes, with excellent amenities nearby, including cafes, gyms, supermarkets, and independent shops. The property is held under a long lease of approximately 140 years, offering scope for value enhancement through a loft conversion (subject to planning) to create an additional unit or improved amenity space. With modest operating costs of around £4,800 per annum, the investment reflects an attractive 9.44% gross yield (approximately 8.56% net yield after operating costs), making it an attractive opportunity for investors seeking a strong and stable income stream.