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1, Helvetia Street, London, SE6 4EX

Three Double Bedroom End Terrace House – Separate Studio To The Rear – Current Rent of £38,400 pa – Gross Yield of 7.75%
Location: 1 Helvetia Street, SE6 4EX
Property type: House, Residential
Tenure type: For Sale Freehold
Tenancy type: Investment
** UNSOLD, PLEASE REFER TO AUCTIONEER **

Features
Ideal family home or investment opportunity
Current gross income £38,400 pa
Current gross yield 7.75% based on lower guide price
Sought after location
Good selection of amenities locally
Close to good transport links
Fully let
Freehold

Location
This property occupies a prominent corner position on Helvetia Street in the desirable district of Catford, London
Within the immediate vicinity there are a good range of local amenities including Tesco, various bars and restaurants and a good range of independent retailers, in addition there are good health facilities and access to open space. Bell Green Retail Park offers a wider range of amenities and is just a short walk from the property.
Central London is easily accessed within 30 minutes via the regular public transport that runs from the end of the road.

Description
• For Sale By Online Auction
• Guide Price: £495,000 – £550,000+
• Freehold Three Double Bedroom End Terrace House
• Additional Studio To The Rear
• Current Gross Rental Income of £38,400
• Fully Let reflecting a yield of 7.75%

The property is entered from the side into the inner hallway that leads to the good sized bay fronted lounge to the front of the ground floor, and the dining room outlooking to the rear elevation. The fitted kitchen / breakfast room overlooks the side elevation and has the benefit of a shower room beyond.

The first floor accommodates three good sized double bedrooms and a family bathroom.

The rear of the property has the benefit of a garage with its own separate entrance that has been converted to a studio comprising bedroom / lounge / kitchen area and a separate shower room.

Accommodation
Total – 109m2 (1173ft2) (taken from EPC)

Services
We understand the property to have mains gas, electricity, water and drainage. Potential buyers are advised to make their own investigations.

Tenure
The property is freehold.

Investment Analysis
The property is currently let producing a total annual income of £38,400 pa, this represents a gross yield of 7.75% based on the lower guide price

Council Tax
The property is rated in Council Tax Band D. Council Tax payable (2018/2019) is approximately £1,498.10 pa.

Guide Price
£495,000 – £550,000+

VAT
The property is not subject to VAT

Buyer’s Premium
2% (min. £3,600) inc. VAT

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