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Property Details

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National Residential
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1-5 83 Bromley Road, London, SE6 2UF

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9 Bedroom, Semi-Detached House

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Property Details

  • Description
  • How It Works
  • Investment Finance

Exceptional Investment Opportunity in the Heart of Catford – Fully Let Block of 5 Flats

National Residential are thrilled to present this remarkable semi-detached property comprising 5 self-contained flats, located in the highly desirable Culverley Green Conservation Area, Catford. Offering a total of 9 bedrooms across the block, this property seamlessly blends peaceful suburban living with the convenience of Catford's vibrant centre, making it a prime investment opportunity.

Property Overview:
• Flat 1: 2-bedroom
• Flat 2: 1-bedroom
• Flat 3: 2-bedroom
• Flat 4: 1-bedroom
• Flat 5: 3-bedroom

Currently fully tenanted, this property generates an impressive gross yearly rental income of £95,748, which equates to £7,979 per month. With annual expenses including a £55 ground rent per flat and a service charge of £1,250 per flat, the total annual expenses amount to £6,525. This leaves a net annual income of £89,223, or £7,435.25 per month—offering excellent returns for potential investors.

At a market value of £1,450,000, the property delivers a gross rental yield of 6.6% and a net yield of 6.15%, making it a smart and solid long-term investment.

Why Invest in the Culverley Green Conservation Area?
Situated in one of Catford’s most peaceful and sought-after neighbourhoods, the Culverley Green Conservation Area is renowned for its beautiful period homes, leafy streets, and community atmosphere. This property offers a rare combination of tranquillity and easy access to central Catford, making it an ideal choice for renters and a highly appealing investment.

Prime Location & Amenities:
• Exceptional Transport Links: Just 0.6 miles from Catford and Catford Bridge stations, offering frequent and fast services to Central London, making this property ideal for commuting professionals.
• Top-Rated Schools: Families will love the proximity to Holy Cross Primary School, which is rated "Outstanding" and is only a 10-minute walk away.
• Vibrant Local Scene: Catford’s High Street is home to an array of independent shops, charming cafés, and gastropubs. For entertainment, Catford Mews provides a three-screen cinema and community event space.
• Community Events: The monthly Catford Food Market offers a fantastic range of fresh, local produce and a chance to experience the area’s strong sense of community.
• Green Spaces: Residents are just moments away from Mountsfield Park and Ladywell Fields, providing ample outdoor space for leisure and relaxation.

Investment Highlights:
• Consistent Rental Demand: With excellent transport links and close proximity to local amenities, this property is perfectly positioned to attract long-term tenants, guaranteeing minimal void periods and a steady income stream.
• Attractive Yield: The solid net yield of 5.35% provides investors with a healthy return on investment, with potential for further rental growth as the Catford area continues to develop and attract more residents.

Book Your Viewing Today!
This is a truly unique opportunity to acquire a fully-let block of flats in one of South London’s most sought-after locations. Viewings are highly recommended to appreciate the full potential of this fantastic investment. Please watch our online video tour for a detailed look at the property, and contact our specialist sales advisor for further information or to schedule your viewing.

Important Information:
Prospective buyers are encouraged to thoroughly review the lease terms, including ground rent and service charges. We strongly recommend seeking legal advice to ensure full clarity on all obligations and potential future implications.

Don’t miss out on this excellent investment opportunity – secure your viewing today!

Details

  • Bedrooms: 9
  • Tenure: Freehold

This property is ONLY available for purchasers who are NOT in a chain.

**This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance.

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable deposit of 2% (minimum of £5,000), which secures the transaction and takes the property off the market.

The buyer will be required to sign a purchasers agreement to confirm acceptance of terms prior to solicitors being instructed. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change.

Terms and conditions apply to the Modern Method of Auction and can can be viewed in full here.

 

Buyers - How it works

The Online National Residential Agency modern auctions enable buyers to make and monitor offers online 24 hours a day from any internet connected device. We ensure that buyers get a fantastic service and have the best possible opportunity to buy the property they want at a discounted price, quickly.

We market all properties at attractive 'Offers Over' prices to encourage a viewings and to achieve quick sale within 28 days. We send regular weekly SMS messages to remind buyers of the current highest offers and the Best and Final date therefore ensuring buyers have every opportunity to make and increase their bid at any time and not to miss out on a great property.

PLEASE NOTE: The end date is not fixed and if an acceptable offer is made beforehand then it may be accepted and the property withdrawn from sale so it is advised to make your offer as soon as possible.

  1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. These particulars do not constitute part or all of an offer or contract.
  3. Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
  4. Potential buyers are advised to recheck the measurements before committing to any expense.
  5. National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.

*By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.

**Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Terms and conditions apply.

 

Properties With A Short Leasehold

Where a property is being sold with a short lease, the property can be purchased with either a short lease or with an extended lease, subject to buyer preferences and the offer price made. The starting bid will be set 10% below the cash price required to purchase with a short lease. Mortgage buyers who require a purchase with an extended lease must make a higher bid as this must also include the additional premium required to pay for the lease to be extended before completion. The cost of the lease premium can vary depending on the length the lease is to be extended and on negotiation with the purchaser and freeholder and whether the lease is to be extended by mutual agreement with the Freeholder or via the Statutory Route. Therefore, buyers must contact a member of the sales team to discuss this is greater detail.

Would you like to take advantage of one of Landlord Sales Agencies opportunities but lack the capital?

Scorpion Capital can help you raise the funds required to progress deals from us and other providers!

They can provide immediate offers for all finance and are a trusted partner of Landlord Sales Agency because of the excellent service they provide.

FUNDING! SAME DAY TERMS!

  • BMV Bridge
  • Quick Bridge
  • Same Day Terms
  • 2nd Charge Bridge
  • Purchase & Refurb Bridge

Whether you're seeking funding for a new or existing development, a quick bridge, refinancing existing debt or require a complex financial structure our team will provide expert guidance and solutions tailored to your specific requirements.

Find out more (opens in new window)


 

Request Details / Arrange a Viewing



 
The Online National Residential Estate Agency.
1 Hunters Walk
Canal Street
Chester
CH1 4EB

T: 01244 341066

Online bidding ends in:
Current bid is £1,400,000

No more bids can be made online as the best and final date has passed. However, we may still accept bids by telephone as we qualify the buyer's financial position.

Please call 01244 341066 if you wish to submit a telephone bid.

Online Bidding ends at 7pm on 11/11/2024

Time left(Ended)

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