Gleneagle Road, Streatham Common, London SW16

Property Details: • Type: N/A

• Bedrooms: 5 • Bathrooms: 0

Description: A rare opportunity to acquire a freehold mid-terrace building in Streatham Common, SW16, currently arranged as two self contained flats (one two bedroom and one three bedroom), offering both immediate rental income and significant potential to extend or reconfigure (STPP).<br><br>The property is ideally suited to investors seeking a mixed use income asset, or end users looking to occupy one unit while benefiting from rental income from the other.<br><br>The property is arranged over three floors and comprises:<br>• A ground floor 2 bedrooms flat, offered with vacant possession and direct access to a private rear garden<br>• A first floor 3 bedrooms flat, currently let on an Assured Shorthold Tenancy generating £1,575 pcm (£18,900 per annum) (12 months from 01/04/2026).<br><br>Both flats are presented in good decorative order, allowing for immediate occupation or continued rental.<br><br>There is clear scope to enhance the property further, including potential to extend into the loft and to the rear (subject to the usual planning consents), offering an opportunity to increase both capital value and rental income.<br><br>Additional benefits include off-street parking for two vehicles and a cellar providing useful storage space.<br><br>EPC:<br>• Ground Floor Flat: Band D (64).<br>• First Floor Flat: Band D (58).<br><br>Income &amp; Investment Angle<br>• Current Rental Income: £18,900 per annum (first floor flat)<br>• Vacant Unit: Ground floor flat (potential additional income)<br><br>This layout presents multiple options for developers and investors, including:<br>• Reconfiguration into a single family dwelling<br>• Enhancement of the existing flats to maximise rental income<br>• Extension into the loft and rear (STPP)<br>• Potential to improve layout, specification, and overall value<br><br>Location<br>Gleneagle Road is a well-positioned residential street in Streatham, within easy reach of a wide range of local amenities along Streatham High Road.<br><br>Nearby highlights include:<br>• Streatham Common extensive green space and leisure facilities<br>• The Rookery Streatham landscaped gardens and woodland<br><br>The area is well regarded for schooling, with a number of local options including Dunraven School, known for its strong reputation.<br><br>Transport Links<br>• Streatham Station direct services to London Bridge, Blackfriars &amp; Wimbledon<br>• Streatham Common Station services to Victoria<br>• Providing excellent connectivity into Central London.<br><br>A versatile freehold property offering both immediate income and long-term development potential in a well-connected South London location.