Burrage Road

Property Overview

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.

 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

 Key Features

• HMO Licence for 4 rooms – active and income-producing
• 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

 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

 Investment Summary

• 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

Burrage Road - Key Points

Location

London, United Kingdom