Summary - 118, MALHAM ROAD, LONDON SE23 1AN
1 bed 1 bath Mixed Use
**Standout Features:**
- Mixed-use property on 0.18 acres, comprising a church and a two-storey, three-bedroom dwelling.
- Total NIA of approximately 337 sqm (3,627 sqft) and GIA of around 406 sqm (4,370 sqft).
- Strong rental income: £80,000/year from the church and £34,800/year from the dwelling.
- Potential for conversion of the dwelling into an HMO and redevelopment into 21 apartments, subject to consents.
- Convenient urban location with ample amenities in close proximity.
**Summary:**
Explore this exceptional mixed-use property located at 118 Malham Road, offering a unique blend of residential and commercial opportunities. The expansive plot features a single-storey church and an adjoining three-bedroom home, generating a combined annual income of £114,800. The site boasts significant development potential—consider transforming the existing dwelling into an HMO or redeveloping the site into 21 modern apartments with ground-floor commercial space, pending necessary consents.
While the property currently requires attention to its 3-year lease on the dwelling, limiting financing options for some buyers, its solid rental yield and strategic location make it an appealing investment for those with foresight. Situated in a vibrant urban setting, you’ll have excellent walkable and cyclable amenities, including parks, schools, and various shops, enhancing the potential for long-term value appreciation. This is a unique opportunity for savvy investors or developers looking to capitalize on an increasingly sought-after area in London. Act swiftly, as opportunities like this are rare!
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