Price £1,395,000 - New Instruction
A large south facing three storey semi-detached Victorian house with a basement. The property has recently been converted to a 9 bedroom licenced HMO with the building work completed to an exceptionally high specification. Off-street car parking for three vehicles is provided on the front driveway.
Internally the property comprises 9 bedrooms all of which have their own kitchen, fridge, bathroom and washing machine facilities. To the rear is a good sized paved communal garden area with a bike shed and a modern outbuilding which has a bathroom and its own private garden area.
The current rental income is £74,640 per annum with eight of the nine rooms let.
Room 5 is currently vacant and being advertised for £850PCM (£10,200 PA) which once let will increase the total rental income to £84,840 per annum.
The property is located on the northern side of Woodstock Road in Croydon, a pleasant and popular road predominantly residential in character and situated within The Chatsworth Road Conservation Area. Woodstock Road is made up mainly of large three storey detatched and semi-detached Victorian dwellings dispersed with a few purpose built flatted buildings. East Croydon railway station is 0.5 miles to the north which provides a journey time to London Victoria and London Bridge within 16 minutes.
Tenancy Schedule available
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Buyers fees applicable - Please ask for details
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
- 9 bed HMO in prime Croydon area
- Good capital appreciation expected as Westfield is built
- Possibility to turn into flats (planning required)
- HMO market is currently very strong
- Perfect for Investors
- Area known for HMO letting
- Ready made investment deal