Barforth Road, Peckham

This property presents a significant development opportunity, as planning permission has already been granted for the demolition of the current five-bedroom house and the construction of a modern three-storey building featuring four two-bedroom apartments. Located in a thriving area near Peckham Rye Park, this site not only generates existing rental income but also offers excellent potential for future returns. The project will require attention to detailing the new design and setting up amenities such as cycle parking and refuse storage. Additionally, there is a confirmed Community Infrastructure Levy (CIL) payment of £76,805.05 applicable to the development. The property's current tenant is on a rolling contract with a two-month notice period, allowing for flexibility in project timelines once acquired.