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Parchmore Road, Thornton Heath, CR7 2 bed house of multiple occupation for sale
Parchmore Road, Thornton Heath CR7
£650,000
Our Summary
- The property is an excellent investment opportunity, particularly for landlords seeking a reliable and profitable HMO
Description
This property is an excellent investment opportunity, particularly for landlords seeking a reliable and profitable HMO. The property, located in Thornton Heath, offers a spacious en-suite room on the ground floor, perfect for professionals or long-term tenants, as well as a fully self-contained rear studio that can accommodate up to two occupants. The communal areas are modern and well-maintained, featuring a large kitchen/diner, intercom door entry system, CCTV surveillance, and WiFi booster. The property is fully licensed and compliant, and the asking price of £650,000 is estimated to generate a projected monthly rental income of £4,700-£5,000, with an annual rental yield of 8.7-9.2%. With its prime location, strong tenant demand, and minimal additional investment required, this property is an exceptional opportunity for both new and experienced landlords.