4 bed flat for sale

Thames Street, London SE10

Property Ref: 17586

Four-bedroom Greenwich flat with an excellent opportunity to get on the housing ladder as a live-in landlord. The flat is HMO licensed and 3 of the 4 rooms can be rented out with you living in it.

The flat is a leasehold in Stanton House, Greenwich, currently arranged as four bedrooms with a shared kitchen and living area.

The layout offers particular appeal to buyers looking to make the property their own home while generating rental income from the remaining bedrooms. The current owners previously lived in the flat themselves while renting out the other rooms, making this an established use of the property. Void periods between tenants are virtually zero thanks to the great location.

The original kitchen was converted into a second bathroom, with the adjacent room now being an open-plan kitchen and living space.

The property has an existing HMO licence and is currently let to four tenants, generating a total gross rental income of £41,400 per year, before costs and tax.

The flat may appeal to first-time buyers comfortable with shared living, buyers seeking a home with supplementary rental income, or investors looking for an established rental property.

Key features:
- Currently arranged as four bedrooms
- Shared kitchen and living area
- Existing HMO licence
- Established room-rental history
- Currently generating £3,375 per month in gross rent
- Lease with more than 100 years remaining
- Potential for owner occupation alongside room letting

The property is currently tenanted and has been granted an HMO licence. A purchaser intending to continue HMO letting would need to obtain their own licence.

We are happy to walk you through the financial set-up if you are interested.

Tenure: Leasehold
Address: Flat Stanton House, Greenwich, London SE10
Viewings by arrangement.

Property Type: Flat
Full selling price: £475000.00
Pricing Options: Offers in the region of
Tenure: Leasehold
Remaining lease (In Year): 101
Yearly Ground Rent Cost: £10.00
Yearly Management Cost: £2290.00
Council tax band: A
EPC rating: C
Measurement: 872 sq.ft.
Parking: On street
Heating Type: Central, Double Glazing
Chain Sale or Chain Free: Chain free
Possession of the property: Tenanted
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For viewing arrangement, please get in touch with 99home.

If calling, please quote reference: 17586

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*Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering any household goods, carpets or any built-in furniture.
*General: While we endeavor to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact 99home and we will be pleased to check the detailing for you, especially if you are contemplating traveling some distance to view the property.
*99home is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.

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