Ledbury Rd - 5 Flats 5 Unit Apartment Building Offered at $1,693,170 at a 6.58% Cap Rate London

Private garden On street/residents parking
Central heating Double glazing
Wood floors.
Detached Freehold Block of 5 Flats with Development Potential – Croydon
A rare opportunity to acquire a detached freehold residential block comprising five self-contained
flats, producing a strong rental income of approximately £80,000 per annum.
The property further benefits from a large private driveway with parking for multiple vehicles, small
private gardens serving the ground-floor flats, and land to the rear offering future development
potential, subject to the usual planning consents.
The property can be purchased as a fully income-producing investment or with vacant possession,
making it suitable for investors, developers, or owner-occupiers seeking a value-add opportunity.
Key Features:
Detached freehold building
5 self-contained residential flats
Approx. £80,000 per annum rental income
Land at the rear with development potential (STPP)
Large private driveway with parking for multiple vehicles
Small private gardens to ground-floor flats
Strong rental demand location
Available as an investment or with vacant possession
Ideal For:
Buy-to-let investors
Developers
Value-add opportunities
Long-term income seekers
Sellers legal costs are payable by the buyer.
5 x Self-Contained 1-Bed Apartments: Highly sought-after layouts that maximise rental yields.
Premium Ground Floor Gardens: The ground floor apartments feature highly desirable private gardens, commanding a substantial premium and ensuring excellent tenant retention.
Fully Double-Glazed: High thermal efficiency and excellent acoustic insulation across all units.
EPC C Rated Throughout: All 5 flats are fully compliant with upcoming energy efficiency standards, completely eliminating the risk of mandatory, costly upgrades.
Independent Utilities: Every flat is completely self-contained with its own separate utility meters and independent gas boilers. Tenants pay 100% of their own utilities and council tax, keeping landlord operational overhead remarkably low.
Tenancy Status: All units are currently fully let on standard Assured Shorthold Tenancy (AST) agreements to reliable tenants.
The defining growth element of this freehold asset is the under-utilized rear car park and its physical access parameters.
Unrestricted Physical Access: The wide, private side driveway provides clear, direct vehicle and pedestrian access to the rear plot. This satisfies strict council requirements for emergency servicing and highway safety for additional dwellings.
Strong Local Planning Precedent: Croydon Council has a proven track record of supporting context-appropriate backland infill schemes on this exact road. Notably, nearby 7 Ledbury Road successfully secured full planning permission for the erection of a new single-story dwelling at the rear of its site.
The "Income-Backed" Planning Phase: A developer can comfortably collect the £82,000 annual rental income to completely cover mortgage holding costs while their architectural and legal teams navigate the design and planning process for a 6th or 7th unit at the rear.