Semi-detached house for sale in Laurel Grove, Penge SE20

£815,000 (£509/sq. ft)
Semi-detached house for sale - 5 bedrooms 5 2 1,602 sq. ft*
Interested in this property? Call +44 20 8115 4124 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Fully tenanted investment property
  • 4% aggregate gross rental yield
  • £33,300 aggregate rent pa
  • 36.8% hpi growth (last 5 years)

Property description

Penge is a district of south-east London, in the London Borough of Bromley and is located 7.6 miles south-east of London Victoria.

Penge is a very popular commuter suburb and has two main railway stations that offer superb travel options connecting it to London. This area is serviced by Penge West and Penge East railway station. Penge West station is managed by London Overground which runs 4 trains per hour (tph) northbound to Highbury and Islington and 4 tph southbound to West Croydon. Southern also operates services from this station with 2 tph northbound to London Bridge and 2 tph southbound to Caterham. Penge East is managed by Southeastern and runs on the Bromley South Line, this service offers 4 tph northbound to London Victoria and 4 tph southbound to Bromley south, 2 of which continue to Orpington.

As this property is in the capital all of one's retail and dining requirements are only a short trip away via train which shall drop you in the centre of town where the world is truly your oyster.

In the City of London and surrounding areas there are thousands of job opportunities and there are more than numerous adequate travel options to get you there.

This location could be ideal for young families seeking schooling options for their young children. St Johns C of E Primary School is a local school offering mixed-sex education up to the age of 11. For those looking for secondary school education there are various Harris Academies in the area that teach from the age of 11 all the way to sixth form.

Tenancy Details Flat 1

- Tenancy type: AST
- Tenancy start date: 08/09/18
- Rent: £1,150 pcm; £13,800
- Deposit: £1,598.28

Tenancy Details Flat 2

- Tenancy type: AST
- Tenancy start date: 05/10/18
- Rent: £1,600 pcm; £19,200
- Deposit: £2,400

Ref. Ves-SE20-142

Vesta have not visited the property and the materials have been provided by the vendor.

Please note that prospective buyers will be required to pay a fee of £900 per unit to Vesta upon acceptance of an offer on this property. The seller of the property will also pay a fee to Vesta.

Property info

Floorplan(s): Floorplan 1 Floorplan 2

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* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Vesta Property, EC2A on +44 20 8115 4124 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Vesta Property, and do not constitute property particulars. Please contact Vesta Property for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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