Fairfax House presents a compelling investment opportunity with its recent comprehensive refurbishment, ready for immediate operation. The property consists of 12 letting units configured as 4 self-contained flats/studios and 8 spacious rooms equipped with kitchenettes and shared bathrooms. Significant upgrades have been made, including the installation of a new electrical inspection condition report (EICR), Grade A fire safety system, keyless entry, and a new roof, ensuring compliance with safety standards.
The ground floor features two self-contained units: one appealing studio with a bay window and an apartment featuring a separate living area and bedroom. The first floor offers two studios plus two additional rooms sharing bathroom facilities. The second floor houses five further rooms with communal bathrooms.
An added benefit is the large barn on the premises, which holds potential for further development into an additional dwelling (subject to planning). With over 4000 sqft of accommodation set on approximately a quarter-acre plot, there’s ample room for expansion or alternative uses. Currently used for parking, the rear space could be reimagined for further development opportunities.
At full occupancy, this property has the potential to generate around £120,000 annually—yielding an attractive return of about 12%. Situated in desirable Alphington, close to major transport links and local amenities, this property stands out for its investment resilience and community appeal.
