An outstanding opportunity to acquire this charming and substantial ground floor flat, offering a turnkey investment or flexible family home. Set on a desirable road in Greenwich’s Woolwich area, this property boasts original period features, generous living space, and a huge private garden with a detached garden studio.
Currently licensed as an HMO for 4 rooms, the property is fully tenanted and producing a strong rental yield of nearly 10%. Conveniently located for excellent transport links including the DLR, Overground, and Elizabeth Line, it is perfectly positioned for capital growth and rental demand.
Investment Highlights
- HMO Licence for 4 rooms – active and income-producing
- Total annual gross income: of £42,540
- Generating a gross yield of 9.89%
- Original period features – fireplaces, coved ceilings, stripped wood floors
- Gas central heating & double glazing throughout
- Located in a high-demand area with excellent commuter links
- Own lease and shared freehold with the upper flat
Accommodation
- 4 Lettable Rooms
- Kitchen/Diner
- Bathroom + 2 Separate W.C.s
- Entrance Hall
- Cellar
- Approx. 80 sqm (861 sqft) of internal living space
Outdoor Space & Parking
- Sole use of a large private rear garden
- Detached garden studio – ideal for home office, gym, or potential annexe (STPP)
- Off-street parking for 2–3 cars, with potential to expand to 4–5 spaces
Location & Transport
- Just minutes from Woolwich Arsenal Station (DLR & National Rail)
- Short walk to the Elizabeth Line, offering swift access to Canary Wharf (8 mins), Liverpool Street, and Heathrow
- Close to local shops, restaurants, gyms, parks and riverside walks
- Ideal commuter location with growing rental demand
Financial Breakdown
- Current Monthly Room Rents: £900pcm, £895pcm, £765pcm, £985pcm
- Total Monthly Income: £3,545
- Total Annual Gross Income: £42,540
- Asking Price: £430,000
- Gross Yield: 9.89%
Viewings of this property are available; however, please note the property is tenanted and we need to respect the tenants’ right to a peaceful environment. As such, we will require proof of funds from all parties before booking a viewing appointment. On receipt of the above, we will then arrange access*
Monthly Running Costs
- Electric & Gas – £300.00pcm
- Water – £65.00pcm
- Council Tax – £142.00pcm
- Broadband – £45.00pcm
- BT Line – £48.64pcm
- Building Insurance – £25.00pcm
- Boiler Insurance – £25.00pcm
- Cleaner – £120.00pcm
- Gardening – £45.00pcm
- Gutter Clearing – £7.50pcm
- Total Running Costs – £833.15
Net Investment Return
- Monthly Net Income: £2,711.85
- Annual Net Income: £32,542.20
- Net Yield: 7.56% (based on £430,000 purchase price)
Development Potential
- Garden studio offers scope for conversion to self-contained unit (STPP)
- Opportunity to increase driveway capacity
- Layout could be reconfigured or modernised for enhanced rental or resale value
