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444C Streatham High Road, Lambeth... Residential development for sale
444C Streatham High Road, Lambeth, London, SW16
£600,000
444C Streatham High Road, Lambeth, London, SW16
£600,000
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 investment opportunity presents a fully licensed four-bedroom HMO in the heart of Streatham, generating a strong gross income of approximately £51,900 per annum. With modest operating costs of around £4,800 per annum, the property reflects an attractive 8.65% gross yield (approximately 7.41% net yield after operating and acquisition costs). Held under a long lease of approximately 140 years, the property offers scope for value enhancement through a loft conversion (subject to planning) to create an additional unit or improved amenity space. Located in a prime position on Streatham High Road, the property benefits from excellent amenities, transportation links, and potential for future growth and development.