7 bed detached house for sale

North Road, London DA17

This freehold, chain-free property on Belvedere is being brought to market as a below-market-value investment and development opportunity. Arranged across three distinct sections spanning 2,120 sq ft, the property's potential gross yield is £7,000 a month in rental income, approximately 7% on the £1,200,000 asking price.

The layout allows the building to be split into 3 to 5 self-contained dwelling units, each with its own kitchen and bathroom, with further scope to add 4 additional units, subject to planning. Reconfigured this way, income has the potential to double against the current position. Planning has already been drawn up for a detached two-bedroom bungalow to the rear and a second-floor maisonette, adding approximately 116 sq m, taking the estimated post-development value to around £2,500,000, subject to the necessary permissions.

The property is finished to a contemporary standard, with three reception rooms, seven double bedrooms and three bathrooms, gas central heating, double glazing and fire safety installations throughout. There's off-street parking on a private driveway and a garden to the rear.

Belvedere Station is a short walk away for national rail connections into London, with Erith and Abbey Wood stations, including the Elizabeth Line, also within easy reach. Local schools and Belvedere's high street are close by

Disclaimer

These particulars are for general guidance only and do not form part of any contract or tenancy agreement. Vale & Mercer has not tested any apparatus, equipment, fixtures, fittings or services and cannot confirm they are in working order. All measurements, distances, floor plans and areas are approximate and should not be relied upon when ordering fitted items or carpets. Prospective purchasers and tenants should satisfy themselves, or obtain independent professional verification, of any information provided. All tenancy applicants are subject to referencing and Right to Rent checks in accordance with the Immigration Act 2014, and any deposit taken will be protected in a government-approved scheme within 30 days of receipt, with the Prescribed Information provided in writing. Photographs may include items not included in the sale or tenancy and may be taken using a wide-angle lens