Belvedere DA17

Property Details: - Type: House - Bedrooms: 7 - Bathrooms: 3

Agent: Vale & Mercer - London Phone: 020 4568 9599

<p>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 potential gross yield is £7,000 a month in rental income, approximately 7% on the £1,200,000 asking price.</p><p>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.</p><p>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.</p><p>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.</p>