For SaleHouse in Coverdale Road, London, W12£1,300,000

An exciting investment opportunity to purchase three flats within an attractive four storey Victorian house arranged as four flats (the top floor unit has been sold on a long lease) and offered at discount of 11% below the total estimated individual value of the flats. We are delighted to offer this exciting investment opportunity of an attractive four storey Victorian house arranged as four flats. The Raised ground floor flat was completely refurbished including new wiring, plumbing and windows to a high standard in 2019. The three self-contained residential units represent the ideal rental investment mix for the area, with 3 x 2 bedroom apartments. The lower ground floor unit offers potential for improvement and planning permission was granted in 2020 (now expired) to extend the property into the garden. The performance of this investment is most highly rated with the managing agent reporting minimal void periods and the Gross Rental Income at £73,488 per annum representing a Gross Initial Yield of 6.12%. Current rental valuations indicate a gross rent income of £80,328 offering a potential a gross yield of 6.69%. The property has been under the same ownership for the past 29 years and now offers a rare opportunity to buy 3 flats in one building in this letting hot spot corner of west London.