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7 bedroom semi-detached house for sale
Prince Road, London
£700,000
Prince Road, London
£700,000
Our Summary
- SUMMARYSubstantial 7 double bedroom HMO, fully tenanted to offer immediate income, a short walk from Norwood Junction and Selhurst Stations this is an ideal investment opportunity
- 7% (inclusive of buyer fee, stamp duty and reserve price) with potential to increase the rent in line with market value to provide a ROI of 8
- With its excellent location, strong rental history, and scope for continued returns, this is a superb investment opportunity not to be missed
- Auctioneer's Comments This property is offered through Modern Method of Auction
- Sale by Modern Auction (T&Cs apply)
Description
This substantial 7 double bedroom HMO on Prince Road, South Norwood, is a fully tenanted investment opportunity that offers immediate rental income. The property is situated just a short walk from Norwood Junction and Selhurst Stations, providing fast and frequent links into Central London. The property features seven generous double bedrooms, three bathrooms, a bright and spacious dining room, and a well-equipped kitchen designed to accommodate multiple occupants. Two of the bedrooms have private kitchenettes, and all rooms have their own sinks. The property also boasts a large rear garden and valuable off-street parking to the front. With a current ROI of 7.7% and potential to increase to 8.9%, this is an ideal investment opportunity for those looking for a ready-made, high-yield property.