Canonbie Road, London, SE23
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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Key features
- Buy-to-let property investment
- Being sold with the current tenants in situ
- Annual rental income of £20,400
- Gross yield at asking price is 5.9%
- Current owner will extend the lease by 100 years before completed sale
- Fantastic location for transport links and schools
Description
Asking Price: £350,000
Tenure: Leasehold - New 130-Year Lease on Completion
Current Rent: £1,700 PCM | Tenants in Situ
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Overview
An excellent investment opportunity in the heart of Forest Hill, this well-proportioned two-bedroom first-floor apartment offers spacious living, a private balcony, garage, and access to generous communal gardens. Currently let to two tenants who have been in residence for approximately six months, the property provides immediate rental income at a strong £1,700 per calendar month.
The property will be sold with tenants in situ and will benefit from a brand-new extended lease of approximately 130 years, which is currently being arranged by the seller at a personal cost of £75,000, meaning the buyer will inherit the new lease on completion.
________________________________________
Key Features
* Two Double Bedrooms
* Separate Living Room and Kitchen
* Private Balcony overlooking communal gardens
* Garage included
* Sought-After Forest Hill Location
* New Lease on Completion (Approx. 130 Years)
* Tenants in Situ | £1,700 PCM
* Extensive Communal Gardens
* Close to Transport, Schools, Parks & Amenities
* Proximity to the Horniman Museum & Gardens
* EPC Rating: D
* Council Tax Band: C
________________________________________
Property Description
New to the market is this bright and spacious 667 sq ft two-bedroom apartment set within a well-maintained residential block on Canonbie Road. The flat offers two generously sized double bedrooms, a large living room, a separate fitted kitchen, a family bathroom, and a private balcony with attractive views of landscaped communal gardens.
The property also includes a private garage, ideal for parking or storage.
With its layout, size, and location, the flat is well-suited for long-term rental investment and continues to attract strong tenant demand in the area.
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The Location - Forest Hill
Canonbie Road sits in a highly sought-after pocket of Forest Hill, known for its leafy streets, culture-rich attractions, and excellent connectivity. Residents enjoy easy access to a wide selection of independent shops, cafés, bars, restaurants, and green spaces.
Horniman Museum & Gardens
Just moments away, this celebrated museum offers:
* Stunning landscaped gardens
* Animal walk & sound garden (ideal for families)
* Weekly farmers' market
* Seasonal events and exhibitions
Its proximity makes it an invaluable extension of local green space.
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Schools
Forest Hill is renowned for its exceptional choice of educational institutions, including several Ofsted Outstanding schools:
* Eliot Bank - Outstanding
* Fairlawn - Outstanding
* Stillness - Outstanding
* Rathfern - Outstanding
* Horniman Primary - Good (extremely popular locally)
* Dalmain - Good
* Independent options including Montessori and the highly regarded St Dunstan's College (Top 10% nationally).
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Transport Links
Forest Hill Station (London Overground & Southern Rail):
* London Bridge - approx. 15 mins
* Canada Water - approx. 12 mins
* Canary Wharf - approx. 24 mins (via Jubilee Line)
* London Victoria - approx. 40 mins
Excellent for commuters and city professionals.
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Investment Summary
* Strong rental yield with £1,700 PCM income
* Gross yield of 5.9%
* Newly extended lease provided on completion
* Tenants in situ - no void periods
* Prime location with increasing buyer and tenant demand
* Garage + private balcony - rare combination in Forest Hill
An opportunity ideal for investors seeking a stable, well-located rental property with future capital growth prospects.
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LET PURE INVESTOR TAKE THE STRAIN AWAY .....
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- 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.
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- 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
Canonbie Road, London, SE23
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