For SaleHouse in Loftus Road, London, W12£1,750,000
Property Type
House
Tenure
Freehold
Price
£1,750,000
Stage
Under Offer
Key Features
- 4 self contained residential units
- 2 two bedroom apartments 598 sq ft / 55.6 sq m & 487 sq ft / 45.2 sq m
- 1 three bedroom apartment 973 sq ft / 90.4 sq m
- 1 one bedroom apartment 525 sq ft / 48.8 sq m
Resources
Description
We are delighted to offer this exciting investment opportunity of an attractive four storey Victorian house arranged as four flats, offered at discount of 11% below the total 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 property was subjected to a complete refurbishment, extended and upgraded in 2017, delivering the existing four self-contained residential apartments that all comply with the latest building standards.
The four self-contained residential units represent the ideal rental investment mix for the area, with 2 x 2 bedroom apartments, 1 x 3 bedroom and 1 x one bedroom; three of the apartments benefit from private outside space, be it a terrace or garden. The performance of this investment is most highly rated with the managing agent reporting minimal void periods and the Gross Rental Income at £116,000 per annum representing a Gross Initial Yield of 6.62%. Current rental valuations indicate a gross rent income of £118,352, offering a potential a gross yield of 6.76%.
The property has been under the same ownership for the past 31 years and now offers a rare opportunity to buy 4 flats in one building in this letting hot spot corner of west London.