3 bed terraced house for sale

Maximfeldt Road, Erith DA8

** investment opportunity **

A rare investment opportunity in the heart of Erith: This freehold house conversion comprises two separate one-bedroom apartments, with planning already granted and new 125-year leases to be created upon exchange of contracts.

The ground floor apartment benefits from planning permission for a rear extension, transforming it into a spacious, luxury two-bedroom home with open-plan living overlooking a private garden. Meanwhile, the first-floor flat also offers exciting potential, with plans to extend into the loft and create a generous two/three-bedroom split-level apartment, maximising both space and investment yield.

Currently, each apartment is expected to achieve rental values of £1,450–£1,500pcm. Once extended, the ground floor could command £1,850–£1,900pcm, while the split-level first floor could reach £2,300+pcm (subject to planning), alongside the potential uplift in capital value.

Located just 0.2 miles from Erith Station, with convenient access to the Elizabeth Line via Abbey Wood, Maxfield Road is a highly desirable rental location. Residents also enjoy proximity to Erith Riverside Shopping Centre with its mix of boutique stores, branded shops, cafés, restaurants, and a Morrison’s supermarket. For leisure, the area offers riverside walks, a pier, several pubs and bars, and an excellent choice of schools, as well as the exciting future development of Riverside Gardens.

This property represents a truly unique chance to secure a high-yield investment in a vibrant and improving area.

London Borough of Bexley - Council Tax Band - A
Energy Efficiency Rating - D