Summary -
Flat 6,Old Forge Apartments,33 St. Peters Street,SOUTH CROYDON,CR2 7DG
CR2 7DG
1 bed 1 bath Block of Apartments
### Standout Features:
- **Two purpose-built blocks** with **6 x 1-bedroom flats** and off-street parking.
- **Planning permission granted** to extend Flats 1 and 2 by **1.8m**.
- **Current annual income** of **£79,000** with potential to increase to **£90,000**.
- All flats rented under **AST agreements**.
- **Estimated total market value** of the property: **£1,465,000**.
- Freehold tenure with **chain-free** status.
### Property Summary:
This well-maintained residential development presents an exceptional investment opportunity in a highly desirable area, ideal for investors seeking stable income and future growth potential. Comprising two modern, purpose-built blocks, the property features six one-bedroom flats, each with dedicated parking. The current income stream of £79,000 per annum, with an upward potential to £90,000, supports the strong rental demand in this cosmopolitan inner city locale.
The property's current BLP 10-year Building Warranty ensures peace of mind for potential buyers, while the planning permission to extend Flats 1 and 2 by 1.8 meters offers room for creative improvements, enhancing both value and rental capabilities. Despite an above-average crime rate in the area, the excellent mobile and broadband services cater well to young families and commuters alike.
With a competitive asking price of OIEO £1,250,000 against an estimated market value of £1,465,000, this listing represents a timely opportunity for astute investors to secure a valuable asset in a thriving community. Don’t miss out on the chance to capitalize on this unique property offering—explore the rental growth and capital appreciation possibilities today!
4 bedroom block of apartments for sale in St. John's Terrace Road, Redhill, Surrey, RH1 — £675,000 • 4 bed • 4 bath
Residential development for sale in 11 Bramley Hill, Croydon, Surrey, CR0 — £1,400,000 • 1 bed • 1 bath • 4090 ft²
3 bedroom terraced house for sale in Selsdon Road, South Croydon, CR2 — £500,000 • 3 bed • 2 bath • 1148 ft²
1 bedroom flat for sale in Cameron Road, Croydon, CR0 — £130,000 • 1 bed • 1 bath • 463 ft²
8 bedroom mixed use property for sale in Outram Road, Croydon, Lower Addiscombe, Croydon, CR0 — £1,750,000 • 8 bed • 9 bath • 5206 ft²
7 bedroom block of apartments for sale in Ladbroke Road, Redhill, Surrey, RH1 — £950,000 • 7 bed • 6 bath • 345 ft²
