Claremont Road, Surbiton, Surrey, KT6

This property presents a unique investment opportunity with significant renovation potential, featuring two residential buildings collectively arranged as eight self-contained flats. The layout includes three one-bedroom units, three two-bedroom units, and two three-bedroom units, allowing for diverse rental options to attract various tenants. Located just a seven-minute walk from Surbiton Station, residents benefit from swift access to central London, with a journey time of approximately 17 minutes to Waterloo. This prime location enhances the attractiveness of the property for potential renters looking for convenience and connectivity. Currently generating a rental income of £154,140 per annum, the properties have an estimated rental value (ERV) of £185,400 annually. This strong income stream highlights the existing viability of the investment while also illustrating room for growth in rental rates. The total net internal area spans 7,513 square feet, providing ample space for either tenant accommodation or further development. Notably, this property is being offered at a considerable discount to its breakup value of £4,135,000, reflecting a compelling opportunity for savvy investors. With potential for extensions or subdivision subject to planning permissions (STPP), there are various pathways to enhance the value and functionality of these homes. Being sold freehold adds an additional layer of appeal to this investment. Overall, the combination of its current income generation capability and future enhancement prospects makes this an enticing option for those looking to capitalize on the growing demand in this well-connected area.