Beresford Residential Brixton’s Leading Independent Estate Agents are proud to offer an exciting investment opportunity. Situated on Morrish Road which is off Brixton Hill enjoys fantastic transport connections and services. Several buses ply the main road into Central and around South London and beyond. Nearest train stations are at Streatham Hill, Herne Hill, Tulse Hill and of course Brixton and Clapham South for the underground. Brockwell Park, Abbeville Village, Brixton Village, Brixton Town Centre and Streatham High Street are the immediate thoroughfares along with their excellent local amenities.
Two individual flats offered to the market as one unit along with the freehold interest. Arranged over three story’s, the ground floor occupies a well-proportioned two bedroom flat which has a lounge, separate kitchen, bathroom suite with handheld shower, some internal storage and private access to the rear courtyard.
To the uppermost levels are laid out a four bedroom flat with a good size reception, fitted kitchen, and bathroom suite with shower, separate WC and access to a large loft space. Both properties are in a condition considered to be good, have separate utilities, and until a few weeks ago were rented out. There’s scope for further expansion and remodelling subject to planning consent as similar neighbouring properties have been converted into three individual flats and some lofts have been converted achieving a combined rental income of £6000pcm.
We believe this is a fantastic opportunity for a shrewd investor or developer looking for their next big project. The properties are in a rentable condition, however in need of modernising throughout. The property is sold chain free and our client is looking for a buyer who can move quickly. Call us today to discuss further and arrange an internal inspection. EPC rating - D
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Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
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The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.