Summary - 277 UPTON ROAD SOUTH BEXLEY DA5 1QR
3 bed 1 bath Apartment
Income-producing period flat in top school catchment, ready for investor or future owner.
Tenant in situ producing £22,800 pa (£1,900 pcm)
Gross yield 5.84% at guide price £390,000
145-year lease remaining; peppercorn ground rent (£4 pa)
No service charge; leaseholder pays ~£500 pa half building insurance
Over 100 sq metres (approx. 1,107 sq ft) with high ceilings
Excellent school catchment and strong commuter links to central London
Chain-free sale; immediate rental income in place
Three bedrooms but only one bathroom; some cosmetic updating needed
A substantial three-bedroom first-floor apartment in the heart of Bexley Village currently let and producing immediate income. The property occupies over 100 sq metres with period features, high ceilings and a large reception room — attributes that appeal to long-term tenants and families in sought-after school catchments.
Financially the asset is straightforward: a 145-year lease, peppercorn ground rent (£4 pa), no service charge and current annual rent of £22,800 (gross yield 5.84% at the guide price). The flat is chain-free and sits close to Bexley station with easy road links to the A2/M25, supporting strong commuter demand.
There are some practical points for buyers to note. The current assured shorthold tenancy is in place (income secured), and the leaseholder pays half of the building insurance (approximately £500 pa). Internally there are signs the flat would benefit from cosmetic updating in places (dated carpet and some original fixtures) and there is a single bathroom serving three bedrooms.
For an investor this is a low-management, income-producing opportunity with scope to increase capital value through targeted refurbishment. For a buyer planning owner-occupation in future, the long lease and school catchment credentials are significant pluses, balanced by modest maintenance and insurance obligations.
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