Parchmore Road, Thornton Heath, CR7 4 bed house of multiple occupation for sale

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Parchmore Road, Thornton Heath, CR7 4 bed house of multiple occupation for sale

Parchmore Road, Thornton Heath, CR7
£600,000

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 for landlords seeking a reliable and profitable HMO in Thornton Heath. The property features a ground floor en-suite room and a rear studio, providing a total of 5 bedrooms, perfect for professionals or long-term tenants. The communal areas are modern and well-maintained, with a large kitchen/diner, intercom door entry system, CCTV surveillance, and WiFi booster. The property is fully licensed and compliant, with a projected monthly rental income of £4,700-£5,000 and an estimated annual rental yield of 8.7-9.2%. Located near Thornton Heath Station and Norbury train station, the property offers easy access to Central London, Croydon, and Gatwick Airport, making it highly attractive to professionals and commuters. With minimal additional investment required, this property is an exceptional opportunity for both new and experienced landlords looking to expand their portfolios with a high-demand, well-maintained, and profitable HMO.