Canonbie Road

Lewisham, London

£350,000

  • Two bedroom, one bathroom apartment being sold with the current tenants in situ
  • Annual rental income of £20,400 PA
  • Current owner will extend the lease on the apartment by 100 years before completion
  • Fantastic local transport links and high performing schools
  • Private balcony and separate garage

For more information please contact our team:

0161 337 3890

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Flat 4, 114 Canonbie Road, London SE23 3AG

Asking Price: £350,000
Tenure: Leasehold – New 130-Year Lease on Completion
Current Rent: £1,700 PCM | Tenants in Situ
Overview

An excellent investment opportunity in the heart of Forest Hill, this well-proportioned two-bedroom first-floor apartment offers spacious living, a private balcony, garage, and access to generous communal gardens. Currently let to two tenants who have been in residence for approximately six months, the property provides immediate rental income at a strong £1,700 per calendar month.

The property will be sold with tenants in situ and will benefit from a brand-new extended lease of approximately 130 years, which is currently being arranged by the seller at a personal cost of £75,000, meaning the buyer will inherit the new lease on completion.

Key Features
  • Two Double Bedrooms
  • Separate Living Room and Kitchen
  • Private Balcony overlooking communal gardens
  • Garage included
  • Sought-After Forest Hill Location
  • New Lease on Completion (Approx. 130 Years)
  • Tenants in Situ | £1,700 PCM
  • Extensive Communal Gardens
  • Close to Transport, Schools, Parks & Amenities
  • Proximity to the Horniman Museum & Gardens
  • EPC Rating: D
  • Council Tax Band: C
Property Description

New to the market is this bright and spacious 667 sq ft two-bedroom apartment set within a well-maintained residential block on Canonbie Road. The flat offers two generously sized double bedrooms, a large living room, a separate fitted kitchen, a family bathroom, and a private balcony with attractive views of landscaped communal gardens.

The property also includes a private garage, ideal for parking or storage.

With its layout, size, and location, the flat is well-suited for long-term rental investment and continues to attract strong tenant demand in the area.

The Location – Forest Hill

Canonbie Road sits in a highly sought-after pocket of Forest Hill, known for its leafy streets, culture-rich attractions, and excellent connectivity. Residents enjoy easy access to a wide selection of independent shops, cafés, bars, restaurants, and green spaces.

Horniman Museum & Gardens

Just moments away, this celebrated museum offers:

  • Stunning landscaped gardens
  • Animal walk & sound garden (ideal for families)
  • Weekly farmers’ market
  • Seasonal events and exhibitions

Its proximity makes it an invaluable extension of local green space.

Schools

Forest Hill is renowned for its exceptional choice of educational institutions, including several Ofsted Outstanding schools:

  • Eliot Bank – Outstanding
  • Fairlawn – Outstanding
  • Stillness – Outstanding
  • Rathfern – Outstanding
  • Horniman Primary – Good (extremely popular locally)
  • Dalmain – Good
  • Independent options including Montessori and the highly regarded St Dunstan’s College (Top 10% nationally).
Transport Links

Forest Hill Station (London Overground & Southern Rail):

  • London Bridge – approx. 15 mins
  • Canada Water – approx. 12 mins
  • Canary Wharf – approx. 24 mins (via Jubilee Line)
  • London Victoria – approx. 40 mins

Excellent for commuters and city professionals.

Investment Summary
  • Strong rental yield with £1,700 PCM income
  • Gross yield of 5.9%
  • Newly extended lease provided on completion
  • Tenants in situ – no void periods
  • Prime location with increasing buyer and tenant demand
  • Garage + private balcony – rare combination in Forest Hill

An opportunity ideal for investors seeking a stable, well-located rental property with future capital growth prospects.

LET PURE INVESTOR TAKE THE STRAIN AWAY …..

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If you would like to find out more about our lettings and property management service, or would like to find out how much we can save you each month, why not contact our team today on Tel: 0161 337 3890 to find out more

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