Summary -
Flat 1,39A Surbiton Road,Kingston Upon Thames,KT1 2HG
KT1 2HG
5 bed 1 bath Residential Development
Immediate income-producing, newly converted properties near Kingston centre and rail links.
Gross income £97,800 p.a. from five one-bed flats
A compact, fully let freehold investment in central Kingston offering five newly converted one-bedroom flats. Converted in November 2024 and presented turnkey, the block currently produces a reported gross income of £97,800 per year, reflecting a guide gross yield of approximately 5.75% at the asking price of £1,700,000.
Each flat is held on a 999-year lease (starting 03.02.2025) and the property is sold with tenants in situ, providing immediate rental income with minimal operational downtime. The building sits within walking distance of Kingston town centre and is close to both Kingston and Surbiton stations (direct services to London Waterloo), supporting strong tenant demand from students and commuting professionals.
Material considerations are clear and factual: there is no private parking or garden, the site footprint is small, and the local area records a higher crime level than average. These factors should be included in investors’ underwriting. The block’s Georgian exterior and high ceilings give period character while the recent conversion delivers modern finishes and fast broadband suited to the target tenant mix.
This opportunity will suit an investor seeking an immediately income-producing multi-let asset in an affluent but densely populated town centre location. Ownership provides freehold title with long leasebacks for each flat, enabling straightforward asset management or future asset reconfiguration subject to planning and tenancy turnover.
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