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6 bed property, in St. Peters Road, £1,100,000
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6 bed detached house

St. Peters Road, Croydon CR0
Planning
£1,100,000

Our Summary

  • Strong Rental Potential: Attractive yield with scope for future development
  • Investment Opportunity – Freehold Block of 4 Flats with Parking & Development Potential Price on application A rare opportunity to acquire a freehold block comprising four conversion apartments, each with its own private parking space and generating a total rental income of £5,125 PCM (£61,500 PA)
  • Flat A: 1 bedroom garden split level flat with planning for conversion for a 2bedroom $54Sqm) Flat B: 1 bedrooms 56 Sqm) £1,100 PCM Flat C: 3 Bedrooms (68 Sqm) £1,550 PCM Flat D: 1 bedrooms (50 Sqm)£1,300 PCM £1,175 PCM This block consists of: Three one-bedroom apartments One three-bedroom apartment All apartments are offered with full vacant possession, providing both immediate rental income and excellent scope for further development or value enhancement
  • Property Highlights: Lower Ground Floor: Reception room, kitchen, and shower room Raised Ground Floor: Spacious kitchen/reception, two bedrooms, family bathroom First Floor: Reception room, kitchen, and two bedrooms Second Floor: Kitchen/reception, one bedroom, shower room Each flat benefits from its own allocated parking space This is a must-see opportunity for investors or developers looking for a freehold block with strong rental yield and significant development potential

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Description

The property is a freehold block of four conversion apartments, comprising three one-bedroom flats and one three-bedroom flat, each with its own private parking space. The flats are situated across three floors and benefit from allocated parking. The ground floor features a reception room, kitchen, and shower room, while the first and second floors have similar layouts with reception rooms, kitchens, and bedrooms.

The property has a total gross internal floor area of 150 sqm and spans over two elevations. Each flat has its own allocated parking space.