Summary - 169, CAMBERWELL NEW ROAD SE5 0TJ
3 bed 1 bath Shop
**Standout Features:**
- Mid-terrace mixed-use property
- Commercial unit on the ground floor, currently leased
- Self-contained 3-bedroom flat with recent planning permission
- High foot traffic area near shops and amenities
- Long lease on upper floors (999 years)
**Notable Concerns:**
- Above-average local crime rate
- Deprivation in the surrounding area
- Potential maintenance needed due to older construction (built between 1900-1929)
Nestled on the bustling Camberwell New Road, this mid-terrace mixed-use building offers an attractive investment opportunity for savvy buyers and investors. With an impressive 646 sq ft self-contained 3-bedroom flat at the rear and a retail space of approximately 454 sq ft that currently trades under a lease, this property combines commercial and residential income potential seamlessly. The recent consent for the flat's use further enhances its viability, making it a prime candidate for rental or refurbishment.
The property is strategically located in an urban area with excellent visibility and foot traffic, making it ideal for retail operations. While the local crime rate is above average, the area thrives with diverse amenities, including schools rated 'Good' or 'Outstanding,' supermarkets, and eateries just steps away. The current rental income of £37,900 per annum highlights its potential for generating revenue, with a gross initial yield of 10.8%.
However, be aware that the building is older and may require maintenance, particularly regarding insulation and heating. The excellent mobile signal and average broadband speed cater to modern needs, ensuring both comfort and connectivity for residents and businesses alike. This property, priced at £350,000, represents a promising opportunity in a sought-after location, ideally suited for first-time investors and families looking to establish themselves in a vibrant community. Don’t miss out on securing a versatile property with both immediate income potential and future renovation possibilities!
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