We purchased this beautiful house located on a desirable Brownhill Road in Catford. Catford is growing in popularity among commuters, as journeys from its two mainline stations can take as little as 10 minutes to Central London. We have converted the house into six residential units. Each unit has a dedicated electricity supply and meter, council tax liability, and address, and is let on an individual tenancy agreement. This Victorian house will produce a significant cash-flow due to its size, character, and location. Total cash investment after refinancing with a buy-to-let mortgage from a leading mortgage bank equates to £200,000. The property is currently producing pre-tax profit averaging £2,200 pcm.
Reason for purchase: spacious Victorian house at a decent price, long-term asset appreciation and option to split into flats, good yield after development.