Purley, CR8 2BL | Investment Property for Sale | VES-CR8-002

Opportunity to purchase a HMO property in London generating £151,896 rent pa & gross yield of 6.9%

£2,200,000

HMO Detached House

VES-CR8-002

INITIAL INVESTMENT

£781,250

Based on

deposit: £550,000

stamp duty: £228,750

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£151,896

GROSS YIELD

6.9%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

16 bedrooms

15 bathrooms

1 reception room

3,897

Fully Furnished

Property information

  • HMO licence in place
  • The property underwent full refurbishment, see below for details
  • Spread over 3 floors
  • 14 bedrooms come with ensuite bathrooms
  • 2 tenants share one bathroom
  • 2 x shared kitchens
  • Shared living room
  • The property has a summer room and also a large back garden
  • There are 3-4 parking bays to the front of the property
  • EPC rating C

Refurbishment information

The property underwent full refurbishment including, but not limited to:

  • New plumbing
  • New electrics
  • New floors and ceilings
  • New kitchens and appliances
  • New bathrooms

Rental information

  • Room 1 - £866 pcm
  • Room 2 - £866 pcm
  • Room 3 - £801 pcm
  • Room 4 - £823 pcm
  • Room 5 - £772 pcm
  • Room 6 - £780 pcm
  • Room 7 - £881 pcm
  • Room 8 - £772 pcm
  • Room 9 - £823 pcm
  • Room 10 - £823 pcm
  • Room 11 - £801 pcm
  • Room 12 - £800 pcm
  • Room 13 - £650 pcm
  • Room 14 - £650 pcm
  • Room 15 - £750 pcm
  • Room 16 - £800 pcm
  • Total rent pcm: £12,658
  • Total rent pa: £151,896

Running costs

The vendor provided us with the following running costs for this property:

  • Council tax: £250 pcm
  • Gas & electric: £600 pcm
  • Water: £25 pcm
  • Virgin Media (TV, broadband): £55 pcm
  • TV licence: £12 pcm
  • Cleaner: £130 pcm
  • Total cost pcm: £1,072
  • Total cost pa: £12,864

Location information

  • The property is located in Purley, South Croydon
  • Both Purley and Purley Oaks railway stations are half a mile from the property
  • The centre of Purley can be reached within a 10-minute walk, whilst Croydon can be reached in 20 minutes by public transport

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 Purley, London Borough of Croydon

Purley is an area in the London Borough of Croydon. It is located south of Croydon and around 12 miles south of Charing Cross.

The area is very well connected via the road network and makes Purley ideal for commuters. The A22 leads to East Grinstead and Eastbourne, the A2022 leads to Epsom and Kingston, the A23 to Redhill and Brighton as well as Croydon and Central London.

The town’s railway stations Purley and Purely Oaks are on the London to Brighton railway line and Reedham station is on the Tattenham Corner Line.

Gatwick Airport is the closest international airport and lies around 15 miles south of Purley. It can also be reached directly via train from Purley.

The centre of Purley offers various shops, boutiques, cafes, and restaurants. The local leisure centre is also located on the high street and offers a gym, swimming pool and group fitness classes. Other leisure facilities include Purley Downs Golf Club, Cumnor House School Sports Ground and Surrey Health and Racquets Club.

Anyone interested in outdoor pursuits can choose from several spaces such as Purley Beeches, Kenley Common, Farthing Downs and Oaks Park.

Purley is home to a number of notable schools including The John Fisher School, Laleham Lea School, Oakwood School, Cumnor House School, Oakwood Prep School and Purley Language College. There are also other schools, nurseries and colleges nearby.

Brighton Road,

Purley,

Greater London,

England,

CR8 2BL

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Copyright © 2021 Vesta Global Limited. All rights reserved.