Block of flats for sale

Combedale Road, Greenwich SE10

Investment Consideration:
Gross Initial Yield: 5.84%
Rental Income: £53,400 p.a.
VAT is not applicable to this property
spv can be purchased to minimize stamp duty
Comprises three-storey residential block of 1 x 3-Bed and 1 x 1-Bed Apartments
No.24 benefits from private garden and No.24B benefits from private patio
Development potential to extend in the loft and rear, subject to obtaining planning
Situated within short walk from Westcombe Park station with direct line to London Bridge, Cannon Street, Farringdon, St Pancras, and few minutes to North Greenwich station (Jubilee Line).

Property Description:
Three-storey residential block comprising 3-bedroom maisonette at ground and first floor (No.24) and 1-bedroom apartment at lower ground floor (No.24B), providing the following accommodation and dimensions:
No. 24: 75 sq m (807 sq ft)
3 Bedrooms, kitchen, dining, living room, 2 bathrooms, private garden
No. 24B: 53 sq m (570 sq ft)
1 Bedroom, kitchen, living room, bathroom, private patio
Total gia: 128 sq m (1,377 sq ft)
Development potential to extend in the loft and rear, subject to obtaining the necessary consents.

Tenancy:
No. 24 is at present let on AST to Individuals for a term of 12 Months from 5th November 2025 at a current rent of £33,000 per annum. Deposit held of £2,700.
No. 24B is at present let on AST to Individuals for a term of 12 Months from 23rd September 2025 at a current rent of £20,400 per annum. Deposit held of £1,750.

Location:
Greenwich is a popular South-East London suburb situated some 6 miles from the City of London, on the south bank of the River Thames. The property is located only few minutes walk away from Westcombe Park station with direct line to London Bridge, Cannon Street, Farringdon, St Pancras, and few minutes to North Greenwich station (Jubilee Line), as well as being close to O2 with shopping and restaurants, and many amenities at Greenwich Centre (swimming pool, gym and more). Occupiers nearby include Marks & Spencer, Asda, and Sainsburys, Takeaways and more.