6 Bed HMO, London, SE16 2TU, £895,000

Lower Road, London, SE16 2TU - 8 views - 2 months ago

Sold STC
HMO
Planning
~186 m²
+11 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£223,750

Stamp Duty & Legal Fees

£60,300

Refurb Costs

£98,427

Bridging Loan Interest

£23,494

Total Cash In

£407,721

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£1,454,851

Agent Fees (1%)

£14,549

Bridging Loan

£671,250

Bridging Loan Interest

£23,494

Flip Profit

£361,332













Property History

Listed for £895,000

February 5, 2025

Floor Plans

Description

  • Victorian townhouse +
  • Arranged over three levels +
  • Six bedrooms or four with two receptions +
  • South west facing rear garden +
  • Off street parking to front +
  • Ideal HMO or conversion to family home +
  • Freehold house offered chain free +
  • Council tax band D. EPC rating C +

Wonderfully spacious and attractive six bedroom Victorian home situated in this sought after location on the Canada Water/Rotherhithe borders.

Victorian townhouse which offers substantial and flexible accommodation arranged over three levels. The ground floor offers an entrance hall, two bedrooms (previously reception rooms) with high ceilings, two shower rooms and a kitchen/diner to the rear with double doors to the rear garden. The first floor features two double bedrooms, one of which is ensuite and a further family bathroom. The top level comprises of a further two double bedrooms, with one en-suite.

The lovely rear garden offers a calm and secluded place to relax. This is a real sun trap as it faces the perfect south westerly direction.

The property is conveniently positioned within short walking distance of the Thames, Surrey Quays Shopping Centre, the new urban centre development at Canada Water, and the attractions of the 63 acre Southwark Park with its lake, sports facilities, childrens play area, bandstand and cafe. Located just 0.2 miles to walk to Canada Water station, given easy access to Canary Wharf ,London Bridge, Westminster and the West End.

The property has been successfully let for a number of years and has an HMO license with Southwark Council. It offers an excellent rental yield for potential investors or a fabulous opportunity for redevelopment back into a family home. There may also be an opportunity to extend the large kitchen (subject to planning permission). Plenty of potential in this superbly located property!

Freehold. Offered for sale chain free. Council tax band D. EPC rating C

Council tax and, where applicable, lease information, service charges and ground rent are given as a guide only and should always be checked and confirmed by your Solicitor prior to exchange of contracts.

Agent Details

Independent London, London

020 3872 3600

Next Steps?

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