3 bedroom flat for sale
Albert Drive, London, SW19
- PROPERTY TYPE
Flat
- BEDROOMS
3
- SIZE
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Key features
- Strong Rental Income: £2,220 pcm (£26,640 pa) from secure Westminster Council lease
- Attractive Returns: Gross yield 5.61% | Net yield 5.21% at asking price
- Long Lease Security: Recently extended to 215 years, providing long-term investment stability
- Prime Location: 5-minute walk to Southfields tube station, shops, and local amenities
- Turnkey Investment: Fully upgraded within the last 12 months, including modern bathroom and finishes
- Low Management Costs: Full repairing & maintaining lease with minimal landlord responsibilities.
Description
Asking Price: £475,000
Leasehold: Recently extended to 215 years (effective from 1991)
Current Rental Income: £2,220 per month (£26,640 per annum, net, from October 2025, direct with lessor)
Current Service Charges: £1,900 per annum
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Property Overview
36 Fernwood is a recently upgraded leasehold apartment situated in a prime Southfields location. The property benefits from a recent lease extension, effectively providing 180 years remaining, ensuring long-term security and investment stability.
The apartment has been refurbished within the last 12 months, including modern updates to the bathroom and other interiors, and features:
Private Balcony - perfect for outdoor space in central London
Large Reception Room - bright, spacious living area
Separate Kitchen - well-appointed for tenants or residents
High-Quality Finish - modern upgrades throughout
Proximity to Amenities - 5-minute walk to Southfields tube station, high street shops, and local transport links
Excellent Local Schools - desirable for professional tenants
Financial Overview & Investment Returns
Lease Income: £2,220 per month / £26,640 per annum (net, from October 2025)
Levies: £1,900 per annum
Net Income: £24,740 per annum
Investment Yield:
Gross Yield: 5.61%
Net Yield: 5.21%
Key Investment Highlights
Secure Leasehold Income: Payments directly with Westminster Council under a full repairing & maintaining lease.
Long Lease Term: Recently extended to 215 years, providing long-term stability.
Turnkey Condition: Fully upgraded within the last 12 months; ready for tenants or owner-occupiers.
Prime Location: Southfields, with excellent transport links, shops, and local amenities.
Low Management Requirements: No costs to landlord for repairs or maintenance.
Tenant Appeal: Large reception, separate kitchen, private balcony, and proximity to good schools make it attractive to professionals or families.
Summary
36 Fernwood is a rare leasehold investment opportunity in Southfields, offering:
A recently upgraded apartment with modern finishes
Secure lease payments directly from Westminster Council
Minimal management requirements
Prime location near transport and amenities
With net yields over 5%, this property represents long-term, low-risk income in a highly sought-after London area, ideal for investors seeking security and stability.
Early viewing recommended for serious investors.
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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.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Albert Drive, London, SW19
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Visit our security centre to find out moreDisclaimer - Property reference Fernwood-London. 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.
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