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Property Details

 
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£400,000
2 bedrooms

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Maple Road, Penge, SE20 8HU
Key features

• Comprises residential block including 7 x 2-Bedroom Flats
• VAT is NOT applicable to this property
• One of the flats benefit from private terrace on second floor.
• Two of the flats have been sold off on long leasehold.
• Located within 10 min walk to Anerley Station, Penge West Station and Penge East Station.
• Total area size of 460 sq m (4,953 sq ft)
• The property is located within walking distance to the High Street, which occupies retailers such as McDonalds, Post Office, Superdrug, Poundland, Wilko, amongst other.
Property description
Investment Consideration:
Gross Initial Yield: 4.39%
Rental Income: £83,400 p.a.
VAT is NOT applicable to this property
VAT is NOT applicable to this property
Comprises residential block including 7 x 2-Bed Flats
One of the flats benefit from private terrace
Two of the flats have been sold off on long leasehold.
Total area size of 460 sq m (4,953 sq ft)
Located within 10 min walk to Anerley Station, Penge West Station and Penge East Station.
The property is located within walking distance to the High Street, which occupies retailers such as McDonalds, Post Office, Superdrug, Poundland, Wilko, amongst other.

Property Description:
The property comprises residential block including 7 x 2-Bedroom Flats. Flat 6 benefits from private terrace on second floor.

Ground Floor:
Flat 1a - Open plan kitchen/living room, Two Bedrooms, Bathroom/WC 65 sq m (700 sq ft)
Flat 1b - Open plan kitchen/living room, Two Bedrooms, Bathroom/WC 65 sq m (700 sq ft)
Flat 2 - Open plan kitchen/living room, Two Bedrooms, Bathroom/WC 62 sq m (667 sq ft)
First Floor:
Flat 3 - Open plan kitchen/living room, Two Bedrooms, Bathroom/WC 63 sq m (678 sq ft)
Flat 4 - Open plan kitchen/living room, Two Bedrooms, Bathroom/WC 65 sq m (700 sq ft)
Second/Third Floor:
Flat 5 - Open plan kitchen/living room, Two Bedrooms, Bathroom/WC 70 sq m (754 sq ft)
Second/Third Floor:
Flat 6 - Open plan kitchen/living room, Two Bedrooms, Bathroom/WC 70 sq m (754 sq ft)

Total area size: 460 sq m (4,953 sq ft)

Tenancy:
Flat 1a is at present let on an AST to an Individual for a term of 12 months from 13th December 2020 (Holding Over) at a current rent of £15,600 p.a.. Deposit held of £1,500.
Flat 1b is at present let on an AST to an Individual for a term of 24 Months from 27th September 2021 at a current rent of £16,200 per annum. Deposit held of £1,557.69
Flat 2 is at present let on an AST to an Individual for a term of 12 Months from 24th March 2022 at a current rent of £15,600 per annum. Deposit held of £1,269.23
Flat 3 is at present let on an AST to an Individual for a term of 18 months from 17th September 2021 at a current rent of £17,400 per annum. Deposit held of £1,673.08
Flat 4 is at present sold on a long leasehold to an Individual for a term of 125 Years from 23rd April 2012 at a current rent of £300. Ground rent doubles every 25 Years.
Flat 5 is at present sold on a long leasehold to an Individual for a term of 125 Years from 19th July 2019 at a current rent of £300. Ground rent doubles every 25 Years.
Flat 6 is at present let on an AST to an Individual for a term of 12 months from
7th August 2020 (Holding Over) at a current rent of £18,000 p.a. Deposit held of £1730.76

Location:
Anerley is an area of south east London, England, within the London Borough of Bromley and the historic county of Surrey. It is located 7 miles (11 km) south south-east of Charing Cross, to the east of Crystal Palace/Upper Norwood, south of Penge, west of Elmers End and north of South Norwood. Anerley is served by London buses routes N3, 75, 157, 197, 249, 354, 358, 432 and bus 356. The 432 now terminates at Anerley Bus stand, behind the Station on Anerley Station Road. Two A roads, the A213 and A214 pass through the area. Anerley railway station, Southern operate trains to London Bridge and East Croydon or West Croydon. London Overground Also operate the East London Railway from Highbury and Islington station to West Croydon. Birkbeck station, operated by Southern, runs trains from London Bridge to Beckenham via Peckham Rye. Located within 10 min walk to Anerley Station, Penge West Station and Penge East Station. The property is located within walking distance to the High Street, which occupies retailers such as McDonalds, Post Office, Superdrug, Poundland, Wilko, amongst other.

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