House of multiple occupation for sale

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House of multiple occupation for sale

86 London Road, Lewisham, London, SE23
£1,550,000

Price History

Initial price £1,800,000
27/05/23 £1,700,000
09/08/23 £1,550,000
Price Change -13.89%

Description

The property is a four-storey semi-detached building converted into five self-contained flats, with a large communal garden, located on a corner plot in the London Borough of Lewisham. The flats are currently tenanted and generate an income of £63,900 per annum, however, the property is believed to be under-rented based on local comparable searches. The property is situated near the Forest Hill Train station, providing direct access to London Bridge in 20 minutes, and is within walking distance of the local High Street with amenities such as the Horniman Museum and Dulwich Park. The A205 and A23 are located nearby, offering direct access to Richmond and Central London, and multiple bus routes are available, including the 176, providing connectivity to the rest of South London. The property can be sold with vacant possession and is a short drive from Gatwick Airport and Heathrow Airport.