Coverdale Road, London, W12

An exciting investment opportunity to purchase three flats within an attractive four storey Victorian house arranged as four flats (the top floor unit has been sold on a long lease) and offered at discount of 11% below the total estimated individual value of the flats.

We are delighted to offer this exciting investment opportunity of an attractive four storey Victorian house arranged as four flats. The Raised ground floor flat was completely refurbished including new wiring, plumbing and windows to a high standard in 2019. The three self-contained residential units represent the ideal rental investment mix for the area, with 3 x 2 bedroom apartments. The lower ground floor unit offers potential for improvement and planning permission was granted in 2020 (now expired) to extend the property into the garden. The performance of this investment is most highly rated with the managing agent reporting minimal void periods and the Gross Rental Income at £73,488 per annum representing a Gross Initial Yield of 6.12%. Current rental valuations indicate a gross rent income of £80,328 offering a potential a gross yield of 6.69%.
The property has been under the same ownership for the past 29 years and now offers a rare opportunity to buy 3 flats in one building in this letting hot spot corner of west London.

Coverdale Road is an attractive residential street which runs south from Uxbridge Road and is one of the area's most sought after locations.. Moments from Shepherd's Bush Green, Westfield London shopping centre, an abundance of independent shops, restaurants and an internationally famous music venue, as well as outstanding transport links. Shepherd's Bush Market Underground station is within 2-3 minutes' walk, with Shepherd's Bush also within easy reach, offering both Central line and London Overground services.

Shepherds Bush is often cited as one of the most under-valued pieces in Prime Central London, with significant upsides anticipated by virtue of its striking period architecture, high levels of footfall and close proximity to significantly more valuable residential districts such as Kensington and Holland Park. In addition, the immediate area itself benefits from a superb variety of retail destinations – both independent and national – with an eclectic mix of established restaurants and bars, as well as the landmark Westfield Shopping Centre all located within walking distance. Shepherds Bush itself boasts the active Green, Dorset Hotel chain and an accessibility across London via public transport that is almost unrivalled. For overseas travel, Heathrow is conveniently located along the A4 with good access from this particular district.