This property presents a compelling investment and development opportunity in a desirable area of Surbiton, within the Kingston upon Thames borough. The offering includes both freehold and six long leasehold flats, all packaged as a single lot. Set in the Surbiton Hill Park Conservation Area, this well-preserved period building comprises six one-bedroom flats with communal gardens, enhancing the living experience for residents. The property is conveniently located approximately a 10-minute walk from Surbiton Town Centre and the train station, which provides fast rail connections to London Waterloo in under 20 minutes.
A standout feature of this asset is the separate garage that comes with approved planning permission for redevelopment into a semi-detached, split-level two-bedroom house (Ref: 24/01703/FUL). This presents an exciting chance to capitalize on local demand and significantly increase your investment. The estimated gross development value of the new house could reach £575,000, adding substantial value to your portfolio.
With current rental income at £2,745 per month and an estimated rental value suggesting potential earnings of up to £10,440 per month upon improvements, this property offers excellent income prospects alongside its renovation potential.
