For Sale - £750,000

Doggett Road, Catford, London SE6

newly refurbished victorian house
Seven Bedrooms two bathrooms
Large Lounge Kitchen Diner and outside terrace

Suitable for Family Occupation or HMO Rental Investment

Return on Equity = c14%

overview

  • Accommodation - seven double bedrooms; two bathrooms; fully furnished

  • Common space - large lounge / kitchen / diner with Bosch appliances, stone work surfaces, dining table and chairs, sofa and TV

  • Outside - private stone tiled garden with table and chairs

  • Furniture - seven bedrooms sets of bespoke solid wooden furniture; leather sofas; dining table

  • Internet & Connectivity - 1GBps superfast broadband; TV & Satellite and internet points in every room

  • Heating - system boiler and hot water storage tank - centrally heated radiators in every room; remote control of heating system via Inspire Home Automation

  • Facilities - two washing machines and tumble dryer

  • Transport - two minutes walk to Catford and Catford Bridge rail stations

  • Locality - five minutes walk to Catford town centre with a variety of pubs, restaurants and cafes, and Ladywell fields with cafes and parkland

  • Compliance - planning permission for rear, side ground floor extensions, and front and back loft extensions in 2016; HMO Licence for nine occupants since 2016; C3 to C4 Permitted Development established 2016; right for rental to seven tenants established through no material change from C4 2016 to date; eligible automatically for Certificate of Lawful Development or Sui Generis Planning consent in 2026 as will have 10 years of established use; current Gas Safety Cert til 2023, Elec Safety Cert til 2027, EPC (Rating C) til 2031

BEDROOMS

Bedroom One

Large double room on ground floor with bay window furnished with double bed, wardrobe, chest, bedside cabinet, desk and chair
£750pcm inc all bills

Bedroom three

Large double room on middle floor furnished with double bed, wardrobe, chest, bedside cabinet, desk and chair
£800pcm inc all bills

Bedroom two

Double room on ground floor with office lobby, furnished with double bed, wardrobe, bedside cabinet, desk and chair.
£750pcm inc all bills

Bedroom Four

Double room on middle floor furnished with double bed, wardrobe, chest, bedside cabinet, desk and chair
£750pcm inc all bills

Bedroom Six

Double loft room on top floor furnished with double bed, wardrobe, chest, desk and chair; Velux windows
£800pcm inc all bills

Bedroom Five

Double room on middle floor furnished with double bed, wardrobe, chest, bedside cabinet, bedside cabinet, desk and chair
£750pcm inc all bills

 

Bedroom seven

Double room on top floor furnished with double bed, wardrobe, chest, bedside cabinet, desk and chair
£750pcm inc all bills

COMMON PARTS and facilities

Lounge KITCHEN DINER

Open plan communal space. Kitchen has oven, hob, microwave, dishwasher,
two large fridge/freezers and lots of storage space. Lounge has coffee table two sofas and TV.  Dining area has table and chairs

Outside

Private walled garden tiled in natural stones with table and chairs

BATHROOMS

Two bathrooms each with walk-in shower, WC and washbasin. 

Floor Plans

Gross External Floor Area - 166m2

FINANCIALS, RENTAL INCOME, OPERATING COSTS AND VALUATION

Investment Returns

  • Capital Value - £750,000

  • Investment Return - Return on Investment of c25%; Rental Yield of 8%

  • Rental - All seven rooms are fully let until 31st August 2022 on a HMO multi-share basis; Current gross rent = £60,000pa

  • Furniture and Appliances - Seven solid wooden bedrooms sets comprising double beds with pocket sprung mattresses, triple wardrobes, double pedestal desks, chairs, bedside cabinets and 3+2 jumper chests - worth at least £10,000

  • Deposits - we hold c£6,000 of tenant deposits

Valuation

LOCATION

Doggett Road is tucked behind Catford town centre on the same road as the rail stations  

  • Well served for transport by trains from Catford and Catford Bridge rail stations, which are just two minutes walk from the house. Services run to Canon St., Waterloo East, Charing Cross and St. Pancras International.

  • Plentiful shops, cafes and pubs in the area including the newly renovated Catford Bridge Tavern on the corner of Doggett Road. It runs a pub quiz every Wednesday

  • For more information about Catford click here

Find local businesses, view maps and get driving directions in Google Maps.

Terms of Rental

  • Rent - £750 - £800 pcm

  • Bills - included (council tax, gas, electricity, water, TV licence, internet and fortnightly communal cleaning)

  • Deposit - Equivalent to five weeks’ rent, protected in the Tenants Deposit Protection Scheme

  • Term - from move in date to 31st August

For full Terms and Conditions click here

 

  • Safety Certificates

  • Floor Plans

  • HMO Licence

  • Photos

  • Valuation Surveys

  • Tenancies

  • Utilities

  • Land Registry Title