Summary - 100a, Waverley Road, Plumstead SE18 7TJ
3 bed 2 bath Maisonette
Verified income £3,400 pcm (May 2025)
This split-level three-bedroom maisonette occupies the ground and first floors of a Victorian terrace and currently trades as a five-room HMO. It produces a verified rental income of £3,400 pcm (May 2025) and holds a new HMO licence from 27 May 2025, making it a turn-key opportunity for a hands-on investor.
Practical ownership perks include a share of freehold, a 999-year unexpired lease, and zero ground rent or service charges. The property also includes a small private garden accessed via the side passage, on-street parking and gas central heating with boiler and radiators.
There are straightforward conversion or improvement routes: the layout can remain as an income-producing HMO or be reconfigured into a spacious family home. Existing tenants have a three-month notice period if vacant possession is required, but can be retained if buying for yield.
Notable drawbacks are plain and factual: the building is solid-brick Victorian with no known cavity insulation, double-glazing install date is unknown, and internal accommodation is average-sized with some rooms small. The wider area has pockets of deprivation and average crime levels, which is worth factoring into long-term rental or resale assumptions.
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