A three-bedroom flat for sale in a private red brick block built in 1929 by Metropolitan Gas Workers has a huge living room, two bathrooms, and an open-plan living kitchen with independent access to the courtyard.
This stunning three-bedroom flat, located in a private red-brick block built in 1929 by the Metropolitan Gas Workers, offers exceptional living space. The property features a large living room, two bathrooms, and an open-plan kitchen with 2 entrances, 1 from the independent access to a private courtyard and 1 from the main communal entrance.
The original wooden floors run throughout the property, complemented by windows on three sides, allowing plenty of natural light to flood the space.
Currently, the property is rented as a House in Multiple Occupation (HMO) to four tenants, generating a gross rental income of £55,000 per year.
Location: Just a few moments' walk from Canada Water Underground Station.
KEY FEATURES
Local Authority: Southwark Council
Type of Property: Private red-brick block, built in 1929 by a gas company
Tenure: Share of freehold with a leasehold of 961 years remaining (as of 01/01/2016)
Council Tax Band: C
Size: 858 sq. ft. (79.7 sq. m.)
Condition: Well-maintained
Service Charges: The annual service charge is approximately £4,350, broken down as follows:
Ordinary maintenance, garden, and cleaning: £2,600
Reserve fund for extraordinary maintenance (e.g., roof repairs in 15–20 years): £1,500
Ground rent (e.g., upgrades such as video intercom or lift installation): £250
This beautifully maintained property is an excellent investment opportunity or a perfect home for those seeking a blend of historical charm and modern living.