Full details for For Sale in Streatham, Norbury

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Description

An attractive investment opportunity presents itself with a existing development of six modern flats and a charming 3-bedroom bungalow, nestled at the vibrant junction of Northborough Road and Lyndhurst Avenue in Norbury, South West London.

Currently generating an annual rental income of £121,600, this property portfolio comprises:

2 Studios: 32 square meters each
2 One-bedroom Flats: 40 square meters and 30 square meters respectively
1 Two-bedroom Flat: 60 square meters
1 Three-bedroom split level flat: 74 square meters
1 Three-bedroom Bungalow: 74 square meters

Notably, in 2019, the property owner successfully obtained planning consent for additional extensions on the side and rear of the flats. Although the planning permission has lapsed, it can be reinstated, offering significant potential to enhance rental yields and capitalize on the property‘s prime location.

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