- Planning Permission Granted +
- Two Separate Apartments +
- Superb Yield Return +
- Potential To Add Value & Extend +
- Neutrally Decorated Throughout +
- Conveniently Located +
- Erith Station 0.2m (Links To Elizabeth Line Via Abbey Wood) +
- Energy Efficiency Rating - D +
GUIDE PRICE - £425,000 - £450,000
A rare investment opportunity to buy this freehold house conversion which consists of two separate one-bedroom apartments which has planning granted, new125 year leases to be created for the title to be split upon exchange of contracts.
The owner has also obtained planning permission for a rear extension to added to the ground floor apartment, converting it into a luxury and spacious two-bedroom apartment with open plan living space overlooking the private garden! The first floor flat has similar potential with plans drawn (as seen on the photos) to extend into the loft creating tow/three additional bedrooms and making this a huge split-level apartment to maximise the yield on this investment.
The current expected rental value for each apartment is between £1400 - £1500pcm, which could increase to £1800-£1900pcm for the ground floor as an extended two-bed & £2300+pcm for the split level first floor flat once extended (STPP), whilst also adding capital value for future consideration. Maximfeldt Road is near Erith station (0.2m) with access to the Elizabeth Line (Via Abbey Wood) making it an attractive rental prospect which will seek plenty of interest from prospective tenants. The area also benefits from Erith’s Riverside shopping centre nearby offering a range of boutique stores, branded shops, cafes, coffee shops, restaurants, and a Morrison’s supermarket. There are also some pubs & bars for some nightlife entertainment. Ideal for families with a great choice of schools, a lovely riverside walk and pier as well as the ‘Riverside Gardens’ currently under-development to enjoy in future.
*Please note, we are also marketing the flats separately, this marketing is solely for investors looking to purchase the whole freehold unit containing both flats*
London Borough of Bexley - Council Tax Band - A
Energy Efficiency Rating - D