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Railton Road, Herne Hill, London, SE24

PROPERTY TYPE

House

BEDROOMS

5

BATHROOMS

3

SIZE

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TENURE
Describes 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

  • Freehold Investment Opportunity
  • Three separate flats
  • All recently renovated
  • Close to Herne Hill and Brixton Underground
  • Income of £71,160pa if tenancies continue
  • 2,270 sq ft total
  • Outdoor space on two of the properties
  • Close to Brockwell Lido

Description

Pedder is proud to present an attractive investment opportunity to acquire a fully income producing freehold building located between Brixton and Herne Hill, one of South London?s most consistently strong rental markets.

The property comprises three self contained residential flats totalling 2,270 sq. ft across four floors. All units benefit from good natural light, high ceilings, and well proportioned rooms, and the building has been maintained to a good standard throughout.

Positioned moments from the amenities of Brixton and Herne Hill, the property offers excellent access to local cafés, restaurants, and shops, as well as the open green spaces of Brockwell Park and its iconic lido.

Transport connections are strong, with Herne Hill & Brixton, getting you into central London in under half an hour

All three flats are currently let on Assured Shorthold Tenancies, each with a proven long-term rental history. The building currently generates a combined annual income of £71,160 PA, providing a secure and immediate return for an investor

Accommodation
The freehold includes the following units:
?Flat 1 ? One-bedroom lower ground floor with patio garden - Approx. 64.5 sq. m / 694.3 sq. ft
?Flat 2 ? Ground floor studio - Approx. 34.3 sq. m / 369.7 sq. ft (including storage)
?Flat 3 ? Three bed split level with roof terrace- Approx. 112 sq. m / 1205.7 sq. ft

Together these form a substantial mixed layout configuration attractive for continued rental use or future reconfiguration (subject to consents)

EPC's Flat 1: C | Flat 2: C | Flat 3: C | Council Tax Band: C

Brochures

Railton Road, Herne Hill, London, SE24
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: C
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Permit
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.
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Railton Road, Herne Hill, London, SE24

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About Pedder, Herne Hill

24 Half Moon Lane, London, SE24 9HU
Industry affiliations:

Pedder is a family-owned, family-run estate agency and property services company. We have been in business since 1978 and, with nine offices we have a strong presence in South East London.

We are a company that believes in honesty, integrity and responsibility. In a marketplace that is dominated by small outfits and corporate chains, we value our size, professionalism and independence.

Because we have been in the area for so long and have so many offices close together, we have a strong sense of local knowledge. This is reinforced by the fact that we sell and let more property than anyone else in the area.

Affordability

Monthly repayments£5,017
Property: £ 1,100,000
Deposit: £ 110,000
Interest rate: 4.5%
Term: 30 years
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Disclaimer - Property reference 34553561. 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 Pedder, Herne Hill. 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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