Six Bed HMO For Sale in Croydon, CR0

This property is marketed by:
Bonsors / SHW

Key Features

• Six-bedroom HMO
• Semi-detached building arranged over basement, ground and first floors
• Let to the London Borough of Croydon with a gross income of £52,920 per annum
• There may be potential to convert the property into a single dwelling or self-contained flats subject to obtaining the relevant consents
• Offers are invited in excess of £780,000 for the freehold interest

Description

The property comprises a semi-detached building over basement, ground and first floors which is currently arranged as a six-bedroom House of Multiple Occupancy (HMO). The property currently comprises two communal shower rooms on the first floor, an additional WC on the ground floor and communal kitchen facilities.

The property is let to London Borough of Croydon, with income of £52,920 per annum. After accounting for the landlord’s responsibility for utilities and Council Tax, the net annual income is £43,920.

The property could lend itself to conversion back into one residential dwelling - benefitting from two large reception rooms, a large kitchen, four bedrooms and an upstairs study. Externally, there is a private driveway for one car and a south-facing garden with rear patio. The roof was renovated in 2015, with a skylight installed and the loft fully insulated and boarded.

Location

The property is located on Beech House Road, Croydon. East Croydon Railway Station is located 0.5 miles north of the property, providing services to Brighton, Gatwick Airport and London Terminals. East Croydon Tram Stop provides services to Wimbledon, Beckenham Junction, Elmers End and New Addington. The property has a Public Transport Access Level (PTAL) rating of 5. The property is located within Chatsworth Road Conservation Area.