Property Reference Number: 102096

FREEHOLD INVESTMENT | FIVE SELF-CONTAINED FLATS | CIRCA £90,000 PA RENTAL INCOME | 3,428 SQ FT A substantial freehold residential investment opportunity comprising five self-contained flats, extending to approximately 3,428 sq ft (318.44 sq m) and currently generating circa £90,000 per annum in rental income. The property comprises a former house which has been substantially extended and converted to provide the current configuration of five self-contained residential flats. The valuation report describes the majority of the building as modern construction, with the original house forming a smaller proportion of the overall accommodation. All five flats are currently let on standard Assured Shorthold Tenancies (ASTs), providing an attractive existing income stream for an investor. The flats are presented to a good modern standard and benefit from modern fitted kitchens, tiled bathrooms, uPVC double glazing and central heating throughout. The kitchens feature high-gloss fitted units with provision for electric ovens, four-ring gas hobs, extractor hoods, washing machines and fridge-freezers. The property provides approximately 318.44 sq m (3,428 sq ft) of gross internal floor area, including communal hall and staircase areas. There is paved external space associated with the ground-floor accommodation, together with communal access arrangements. Located in an established residential area of Mitcham, the property is situated on the corner of Woodstock Way and Meopham Road. The surrounding area is predominantly residential, comprising a mixture of period houses, mid-20th-century properties and more recent residential developments. The property is well positioned for transport links, with Mitcham Eastfields and Streatham Common National Rail stations approximately 0.5 miles away. Mitcham town centre is approximately 1.3 miles from the property, providing a range of shops and local amenities. The property also benefits from proximity to local schools, parks and recreational facilities, including St Mark's Church of England Academy, Streatham Vale Park and Oakleigh Recreational Ground. The planning history recorded within the valuation confirms the property's redevelopment and conversion to provide five self-contained residential units. An excellent opportunity for investors seeking a substantial freehold residential block with established rental income, in an accessible South London location. Key Features Substantial Freehold Investment Opportunity Five Self-Contained Residential Flats Circa £90,000 Per Annum Current Rental Income All Five Flats Let on Standard ASTs Approximately 3,428 Sq Ft / 318.44 Sq M Extended and converted residential building Modern residential specification Modern fitted kitchens Modern tiled bathrooms Central heating throughout uPVC double glazing Combination boilers Recessed spot lighting Paved external space Established Mitcham residential location Approximately 0.5 miles to Mitcham Eastfields Station Approximately 0.5 miles to Streatham Common Station Approximately 1.3 miles to Mitcham Town Centre Close to local schools, parks and recreational facilities Attractive proposition for residential investors