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SOLD STC

Selsdon Road, South Croydon, Surrey, CR2

Guide Price
£525,000

£398.03 per sq ft

Business rates & charges may apply

Dexters Development & Investment, South London
SIZE AVAILABLE

1,319 sq ft

123 sq m

SECTOR

Residential development for sale

USE CLASSUse class orders: C3 Dwelling Houses

C3

Existing Floor Plan
1

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

SOLD WITH VACANT POSSESSION

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

Approximate location
Open mapStreet View

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, South London

Dexters Wimbledon, 12 The Broadway London SW19 1RF

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 Group, Crest Nicholson, Metropolitan Housing, Henley Homes and Ballymore Group.

Landowner support

We guide land and property owners on the development potential of their assets and can help every step of the way through the planning minefield whilst providing guidance on the type of development you are likely to achieve. Working with our third-party planning and design team we can help you to visualise the concept, and assess the costs to build and value the end asset.

Land disposal

We can advise on the value of land, and explore development opportunities. Once we have assessed both the current value and the development value we can guide you on the best route to market.

Land acquisition

Our expert teams deal with development sites that are on the market, along with those that are being marketed “off market” and low-key.. If you are looking to invest or develop in these types of projects we can help source suitable opportunities, assess their future value and ultimately help you to acquire them.

Investment acquisition / disposal

We acquire and sell all types of investment assets from portfolio sales, whole block pre-sales, HMO's and mixed use (residential/commercial) Freeholds in the High Street. Whether you are looking to buy or sell an investment property we can help with valuations, comparable evidence, finding tenants, full management and block management..

New Homes sales & marketing

Whether in London or overseas, we can advise developers and housing associations on the unit mix, pricing, legislation, finance and buyer profiles.

Notes

These notes are private, only you can see them.

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, South 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.

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