HMO Property with Development Potential For Sale in Croydon, Surrey

This property is marketed by:
Bonsors / SHW

Six-bed HMO House With Development Potential | 1,485 sq ft | Croydon, Surrey For Sale £700,000

348 Brighton Road Key Features

• A six bedroom semi-detached house extending to approximately 1,485 sq ft (138 sq m) GIA.
• Currently arranged to provide six bedrooms with shared kitchen facilities. Rooms 1 to 4 benefit from en-suite bathrooms.
• Internally fitted to a high standard and condition.
• Valid HMO licence for 6 persons expiring on 26 March 2029.
• One of the rooms is currently let at £1,100 pcm on a 12-month AST.
• Estimated Gross Rental Income of £72,000 per annum.
• Potential to convert the building in the rear garden to a single dwelling or self-contained flats (subject to consents).
• Located close to Purley town centre and within walking distance of Purley Oaks railway station.
• Offers are invited in the region of £700,000 for the freehold interest

HMO Description

348 Brighton Road comprises a two storey semi-detached building. The total Gross Internal Area is approximately 1,485 sq ft (138 sq m). The property has been extended and recently refurbished to a very high standard being arranged over ground and first floors with accommodation in the roof space. The property comprises 6 HMO bedrooms. Rooms 1 to 4 have en-suite bathrooms. Rooms 5 and 6 share a communal bathroom. There are shared kitchen facilities on the ground and first floors. There is a communal rear garden. To the rear of the site is a single-storey brick-built storage building. It may be possible to convert this to a dwelling, STPP.

HMO Croydon - Location

The property is located on western side of Brighton Road, South Croydon approximately miles north of Puley town centre. Purley Oaks Station is approximately 650 metres to the south and provides regular train services to London Bridge (22 minutes) and London Victoria (32 minutes) via East Croydon The property lies within the administrative area of the London Borough of Croydon.