Burrage Road, London, SE18
- PROPERTY TYPE
Apartment
- BEDROOMS
4
- BATHROOMS
1
- SIZE
861 sq ft
80 sq m
Key features
- Buy-To-Let Investment Opportunity
- 4 Bed HMO Property
- Generating £42,540 Per Annum
- Gross Yield of 10%
- Share Of The Freehold
- Being Sold With Tenants In Situ
Description
An outstanding opportunity to acquire this charming and substantial ground floor flat, offering a turnkey investment or flexible family home. Set on a desirable road in Greenwich's Woolwich area, this property boasts original period features, generous living space, and a huge private garden with a detached garden studio.
Currently licensed as an HMO for 4 rooms, the property is fully tenanted and producing a strong rental yield of nearly 10%. Conveniently located for excellent transport links including the DLR, Overground, and Elizabeth Line, it is perfectly positioned for capital growth and rental demand.
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Accommodation
* 4 Lettable Rooms
* Kitchen/Diner
* Bathroom + 2 Separate W.C.s
* Entrance Hall
* Cellar
* Approx. 80 sqm (861 sqft) of internal living space
________________________________________
Outdoor Space & Parking
* Sole use of a large private rear garden
* Detached garden studio - ideal for home office, gym, or potential annexe (STPP)
* Off-street parking for 2-3 cars, with potential to expand to 4-5 spaces
________________________________________
Key Features
* HMO Licence for 4 rooms - active and income-producing
* Original period features - fireplaces, coved ceilings, stripped wood floors
* Gas central heating & double glazing throughout
* Located in a high-demand area with excellent commuter links
* Own lease and shared freehold with the upper flat
Location & Transport
* Just minutes from Woolwich Arsenal Station (DLR & National Rail)
* Short walk to the Elizabeth Line, offering swift access to Canary Wharf (8 mins), Liverpool Street, and Heathrow
* Close to local shops, restaurants, gyms, parks and riverside walks
* Ideal commuter location with growing rental demand
Total Annual Gross Income: £42,540
Asking Price: £430,000
Gross Yield: 9.89%
Viewings of this property are available; however, please note the property is tenanted and we need to respect the tenants' right to a peaceful environment. As such, we will require proof of funds from all parties before booking a viewing appointment. On receipt of the above, we will then arrange access*
Monthly Running Costs
Expense Cost (pcm) Approx
Electric & Gas £300.00
Water £65.00
Council Tax £142.00
Broadband £45.00
BT Line £48.64
Building Insurance £35.00
Boiler Insurance £25.00
Cleaner £120.00
Gardening £45.00
Gutter Cleaning £7.50
Total Costs £833.15 (Approx)
Net Investment Return
Monthly Net Income: £2,711.85
Annual Net Income: £32,542.20
Net Yield: 7.56% (based on £430,000 purchase price)
Development Potential
* Garden studio offers scope for conversion to self-contained unit (STPP)
* Opportunity to increase driveway capacity
* Layout could be reconfigured or modernised for enhanced rental or resale value
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Burrage Road, London, SE18
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Visit our security centre to find out moreDisclaimer - Property reference 193a-Burrage-Raod-Greenwich. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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