Selsdon Road, South Croydon, Surrey, CR2
£398.03 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,319 sq ft
123 sq m
- SECTOR
Residential development for sale
- USE CLASSUse class orders: C3 Dwelling Houses
C3
Key features
- Turnkey residential investment
- Gross annual yield 7.7%
- Gross annual income of £40,291
- Planning previously granted for 7 room HMO
- Close to South Croydon railway station
- Sold with vacant possession
Description
Dexters are delighted to introduce this residential investment opportunity with redevelopment potential, located within 800 metres of South Croydon railway station with direct trains to London Victoria or London Bridge.
Currently set up as a fully licenced six-room House of Multiple Occupancy (HMO), previously generating an income of £40,291 GROSS and representing a GROSS annual yield of 7.7% at the Guide Price.
Planning Permission (Planning Application Reference: 20/00213/FUL) was Granted by the London Borough of Croydon on the 3rd of July 2020 for the proposed increase in size of the existing six-room HMO into a seven-room (7nos. occupants) HMO including rear ground floor extension and second floor dormer roof extension.
Note: The planning permission expired on the 3rd of July 2023
Tenure: The unencumbered Freehold HM Land Registry Title Number SY70575
Selsdon Road, South Croydon, Surrey, CR2
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- South Croydon Station0.4 miles
- Sanderstead Station0.6 miles
- Purley Oaks Station0.7 miles
About Dexters Development & Investment, London
20 Claremont Road, Surbiton, KT6 4QU
London covered
Our dedicated team of specialists have a well-established track record of achieving clients more than the market value for land, development and investment projects across the capital. Members of RICS, our qualified chartered surveyors uphold their reputation for integrity and professionalism.
Based in one of the Dexters ‘Centres of Excellence, our experts focus solely on development services for clients including Croudace Homes, Barratt Homes, Berkeley Grou
Notes
Disclaimer - Property reference 333SelsdonRd. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dexters Development & Investment, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.