Maximfeldt Road, Erith
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- BATHROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 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
Description
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
Brochures
Particulars- 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- 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
Maximfeldt Road, Erith
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Visit our security centre to find out moreDisclaimer - Property reference BEX250299. 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 Acorn, Northumberland Heath. 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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