This freehold mid-terrace property in Streatham Common presents a compelling investment opportunity. Currently configured as two self-contained flats—a two-bedroom unit on the ground floor and a three-bedroom unit above—it offers immediate rental income potential along with avenues for future enhancement. The ground floor flat is vacant, providing an option for owner occupancy or additional rental revenue, while the first-floor flat, which is already generating £1,575 per month under an assured shorthold tenancy until April 2026, ensures steady cash flow.
The building spans three floors and boasts useful features such as off-street parking for two cars and a cellar for storage. Both flats are in good decorative order, enabling immediate use; however, there remains substantial room for improvement. Potential redevelopment options include extending into the loft and back of the property (subject to planning permissions), reconfiguring the layout to create a single-family home, or upgrading the existing flats to maximise rental yields.
Situated on Gleneagle Road, this residence benefits from proximity to local amenities along Streatham High Road and access to lush green spaces like Streatham Common and The Rookery. The area is well-regarded for its educational institutions and boasts excellent transport links via nearby stations for quick commutes into central London. This versatile property stands ready for both immediate income generation and long-term value enhancement through thoughtful renovations.
