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1 bed flat
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Our Summary
- Huge Conversion Potential to Turn 1 Bed into 2 Bedrooms
- Incredible Investment Potential with High-Yield Rental Returns
- The Ultimate Property Hack / Incredible Investment Potential & Huge Conversion Potential / Chain FreeLooking to buy a two-bedroom property in London without paying two-bedroom prices
- This apartment offers an incredible investment potential to create instant equity or generate a serious rental yield
- Currently, a spacious one-bedroom apartment with Victorian high ceilings, relatively new double-glazed windows, and a recently replaced roof, this property holds huge conversion potential with a proven blueprint
- Huge Conversion Potential: Includes a ballpark builder's quote of £17,000 to relocate the kitchen into the lounge, replace the boiler, update electrics, and refurbish the bathroom, converting the existing kitchen into a second good-sized double bedroom
- Incredible Investment Potential: Projected rent of £1,650 to £1,700 pcm post-conversion, delivering an impressive 8
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Description
This one-bedroom apartment is located in a prime commuter area, within a 10-minute walk to Selhurst Station and 15 minutes to East Croydon Station. The property features Victorian high ceilings, relatively new double-glazed windows, and a roof replaced in recent years. With an Energy Efficient Rating of EPC C, it holds huge conversion potential, with a builders quote of £17,000 to relocate the kitchen, update electrics, and refurbish the bathroom, adding a second bedroom and increasing the apartment's value.
Post-conversion, the projected rent is £1,650-£1,700 pcm, generating an 8.1-8.3% gross yield.