10 Warham Road, South Croydon, Surrey Block of apartments for sale

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10 Warham Road, South Croydon, Surrey Block of apartments for sale

10 Warham Road, South Croydon, Surrey
£699,995

Our Summary

  • The building's layout itself has the potential to convert into 7x self-contained HMO studio rooms, which would enable the ERV on the rent to increase to c
  • 230sqm/2,476sqft, with further potential to extend into the loft space to add an 8th HMO room (subject to planning consent)
  • 6x HMO rooms with kitchenettes (potential to convert to 7x HMO studio rooms)

Description

This 12-person HMO is fully licensed and currently rented out for £78,300 per annum, with bills included. The property features six rooms with kitchenettes and shared shower/utility rooms, and has the potential to be converted into seven self-contained studio rooms, which could increase the rental income to around £75,000 per annum or £65,000 per annum with its current layout. The property is in good condition, with a total floor area of around 230 square meters, and there is also potential to extend into the loft space to add an eighth HMO room, subject to planning consent.