Summary - Flat 6, 36 Penywern Road SW5 9SU
1 bed 1 bath Not Specified
Central Earls Court blocks with immediate income and refurbishment upside.
Six self-contained studio apartments across a Victorian mid-terrace building
Current income c.£52,788 (≈50% occupancy); potential c.£104,664 at full occupancy
Projected gross yield c.6.98% at full occupancy, based on asking price
Share of freehold with c.104 years remaining on the leases
Electric room heaters; solid brick walls likely without insulation (higher running costs)
Requires refurbishment/modernisation to achieve full rental value
Very high local crime rate may affect insurance and tenant demand
Excellent transport links, fast broadband and strong local rental demand
This six‑unit investment in Earls Court comprises self-contained studio apartments across a substantial Victorian mid‑terrace. The building offers immediate income with current annual rent of approximately £52,788 (c.50% occupancy) and an expected gross income of £104,664 at full occupancy, implying a projected gross yield of c.6.98% at the asking price. The freehold interest is shared and the remaining lease term is long (about 104 years), simplifying medium‑term ownership decisions.
The location is a major draw: central Earls Court with fast broadband, excellent mobile signal and immediate access to District and Piccadilly line services, shops, cafés and amenities. The properties benefit from period features such as high ceilings and bay windows, attracting professionals and students in a multicultural neighbourhood with strong rental demand.
Physical condition and running costs are pragmatic considerations. Heating is by electric room heaters and the building appears to have solid brick walls with no assumed insulation, which can increase energy costs and tenant turnover. Some apartments will need refurbishment and modernisation to reach full rental rates, presenting an opportunity to add value but requiring capital investment.
Other material points: the area records very high crime levels, which may affect yield, insurance and management overheads. Flood risk is low and council tax is described as inexpensive. This asset suits an investor or portfolio buyer able to manage refurbishment, lettings and the local security profile to unlock upside.
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