Fully let income stream close to strong transport and local amenities.
Freehold Victorian conversion with four self-contained apartments
This handsome Victorian freehold conversion in SE18 offers four self-contained apartments across a large terraced building, generating a current annual rental income of £60,000. The block is fully let and presents a turn-key income stream for buyers seeking immediate yield and long-term capital growth in a well-connected London neighbourhood.
Each flat is arranged over separate floors: three one-bedroom apartments and a two-bedroom apartment, all with private access. High ceilings, sash windows and period character on upper levels combine with contemporary fittings in other rooms to appeal to a broad tenant market, from professionals to small families.
Practical considerations are clear: the property is solid brick construction from the early 20th century with assumed minimal wall insulation and double glazing of unknown age. The small rear plot and compact garden space limit outdoor potential, and the area shows higher deprivation metrics despite strong rental demand — factors investors should weigh when planning medium-term refurbishment or energy-efficiency works.
With excellent transport links, local amenities and several well-regarded schools nearby, the building suits investors focused on stable rental returns. There is scope to increase net income through targeted upgrades (insulation, glazing, kitchens/bathrooms) while retaining the period charm that attracts tenants in this inner-city cosmopolitan location.
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