1 bed flat for sale

Portland Road, London SE25

An excellent opportunity to acquire a tenanted leasehold investment in the heart of South Norwood, offering immediate rental income and an attractive gross yield.

This well-presented ground floor conversion apartment has been thoughtfully configured to provide a master bedroom, separate study/workspace (ideal as a home office or occasional second bedroom), and a bright open-plan kitchen and living area, making it an appealing home for professionals and young couples.

Originally converted from a commercial unit, the property offers a modern layout with character and practicality, while benefiting from a long lease with approximately 145 years remaining.

The property is currently producing £1,495 pcm (£17,940 per annum) and is available with an asking price of £230,000, reflecting an attractive gross yield of approximately 7.8%.

The building insurance is shared between the owners, with any future maintenance costs also split accordingly.

Investment Highlights

Ground floor conversion apartment
Leasehold with approximately 145 years remaining
1 bedroom plus separate study/workspace
Open-plan kitchen and living area
Currently tenanted
Rental Income: £1,495 pcm (£17,940 per annum)
Asking Price: £230,000
Gross Yield: 7.8%
Originally converted from a commercial unit

Excellent opportunity for investors seeking immediate income in a well-connected South London location.