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£1,550,000

Manorgate Road, Kingston Upon Thames, KT2

  • 6 beds
House

£1,550,000

  • 6 beds
House
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Estimate monthly mortgage payment:

£7,076 per month

Minimum deposit amount:

£77,500
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5 LEASEHOLD FLATS SOLD WITH FREEHOLD. Charming Victorian Townhouse with Development Potential. Discover the allure of this circa 2,000 sqft semi-detached Victorian townhouse, a timeless gem built around the 1900s. Sold as a whole freehold and chain-free, this property presents a unique investment opportunity. It was thoughtfully converted into five individual flats in the early 80s, including four one-bedroom flats and one two-bedroom flat. The property boasts a new roof, double glazing in flats 1, 4, and 5, and gas central heating in each flat. Modern conveniences include new electric fuse boards, a fire alarm system, and emergency lighting in the communal hallway. Off-street parking is available for two cars at the front of the property. Flat Details: Flat 1: Ground floor one-bedroom flat with access to a small communal garden, needing modernisation. Current rental income: �1,300 pcm. Flat 2: Studio ground floor flat with French windows leading to its own garden. Current rental income: �1,200 pcm. Flat 3: First floor studio flat with access to the communal garden. Planning permission for extension to a 2-bedroom flat has lapsed. Current rental income: �1,000 pcm. Flat 4: First floor one-bedroom flat with communal garden access. Current rental income: �1,300 pcm. Flat 5: Second floor two-bedroom flat with communal garden access. Current rental income: �1,500 pcm. The floorplan reveals a well-thought-out layout, maximizing space and functionality across three floors. Each flat is designed to provide comfort and privacy, making it suitable for a range of tenants. For those with a vision for expansion, planning permission had been granted for further extension and development More details can be found here: https://publicaccess.kingston.gov.uk/online-applications/applicationDetails.do?activeTab=documents&keyVal=QL6EVTNHIYE00 Whether you're looking to invest, develop, or simply enjoy the charm of Victorian architecture, this property offers endless possibilities.

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£97,250
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£999
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