4 bed Flat for sale, London
£450,000
Property Ref: 17586 Four-bedroom Greenwich flat with an excellent opportunity to get on the housing ladder as a live-in landlord. The flat is HMO licensed and 3 of the 4 rooms can be rented out with you living in it. The flat is a leasehold in Stanton House, Greenwich, currently arranged as four bedrooms with a shared kitchen and living area. The layout offers particular appeal to buyers looking to make the property their own home while generating rental income from the remaining bedrooms. The current owners previously lived in the flat themselves while renting out the other rooms, making this an established use of the property. Void periods between tenants are virtually zero thanks to the great location. The original kitchen was converted into a second bathroom, with the adjacent room now being an open-plan kitchen and living space. The property has an existing HMO licence and is currently let to four tenants, generating a total gross rental income of £41,400 per year, before costs and tax. The flat may appeal to first-time buyers comfortable with shared living, buyers seeking a home with supplementary rental income, or investors looking for an established rental property. Key features: - Currently arranged as four bedrooms - Shared kitchen and living area - Existing HMO licence - Established room-rental history - Currently generating £3,375 per month in gross rent - Lease with more than 100 years remaining - Potential for owner occupation alongside room letting The property is currently tenanted and has been granted an HMO licence. A purchaser intending to continue HMO letting would need to obtain their own licence. We are happy to walk you through the financial set-up if you are interested. Tenure: Leasehold Address: Flat Stanton House, Greenwich, London SE10 Viewings by arrangement. Property Type: Flat Full selling price: £475000.00 Pricing Options: Offers in the region of Tenure: Leasehold Remaining lease (In Year): 101 Yearly Ground Rent Cost: £10.00 Yearly Management Cost: £2290.00 Council tax band: A EPC rating: C Measurement: 872 sq.ft. Parking: On street Heating Type: Central, Double Glazing Chain Sale or Chain Free: Chain free Possession of the property: Tenanted ----------------------------------------------------------------------------------------------------
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