Opportunity to purchase a HMO property in Croydon generating £64,620 rent pa & 10.1% gross yield
£640,000
HMO Semi-Detached House
VES-CR0-005
INITIAL INVESTMENT
£203,700
Based on
deposit: £160,000
stamp duty: £41,200
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£64,620
GROSS YIELD
10.1%
The property
TENANCY
Tenanted
TENURE
Freehold
6 bedrooms
6 bathrooms
1,195
Fully Furnished
Property information
- Fully refurbished HMO
- HMO licenced
- Spread over 3 floors
- 6 x bedrooms
- 5 of which have an ensuite shower room
- The other tenant has the use of a communal shower room
- Shared kitchen/dining area with access to the garden
- Rear garden with patio and lawn
- EPC rating C
- Council tax band D
Rental information
- Room 1 - £915 pcm
- Room 2 - £875 pcm
- Room 3 - £915 pcm
- Room 4 - £900 pcm
- Room 5 - £890 pcm
- Room 6 - £890 pcm
- Total rent pcm: £5,385
- Total rent pa: £64,620
Running costs
The vendor provided the following running costs for the property:
- Council tax: £271.02 pcm
- Gas & electricity: £310.56 pcm
- Water: £55.02 pcm
- Broadband: £48 pcm
- Cleaner: £78 pcm
- TV licence: £15 pcm
- Total cost pcm: £777.60
- Total cost pa: £9,331.20
Location information
- The property is located in the Addiscombe area of Croydon
- Croydon centre is around 1 mile from the property
- There is a bus stop near the property with regular services
- East Croydon railway station is a 17-minute walk away
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
Floorplans
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
About Croydon, SE London
Croydon is a large town and borough in the south of London, situated 9.5 miles south of Charing Cross.
This area is serviced by East Croydon Station which is one of the busiest non-terminal stations in London and is managed by Southern. This station offers fantastic transport routes to destinations in Sussex, Surrey and onwards to Brighton, as well as many fast train services in to the City of London and other suburban London destinations. Frequent services are run by Thameslink from Brighton via London Bridge and St Pancras International to Bedford on the London – Gatwick Airport – Brighton Line. Southern runs 10 trains per hour (tph) to London Victoria and 6 tph to London Bridge as well as several services southbound to areas in Sussex. This station also has a Tramlink service that provides routes to destinations within this southern suburban area of greater London.
Croydon is one of the largest commercial districts outside Central London, with an extensive shopping district. This has led it to become considered to be the third main central business district in Greater London. The Whitgift Centre and Centrale shopping centre are the backbone of the shopping strip with plans for a new £1bn Westfield to be built to replace it in the near future. Along the main high street and within the shopping centre one could find a wide selection of stores and boutiques including many well-known household names. This area is also plentiful in restaurants and bars and with the opening of Boxpark in recent years has added to the process of gentrification and breathing new life in to the area.
In the City of London and surrounding areas there are thousands of job opportunities and there are numerous adequate travel options to get you there.
Exeter Road,
Croydon,
Greater London,
England,
CR0 6EG
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