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COMMERCIAL

Winlaton Road, Bromley, Kent, BR1

£665,000
Capital Estate Agents, Bromley
PROPERTY TYPE

Commercial Property

BEDROOMS

5

BATHROOMS

3

SIZE

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Floor/Site plan 1
1

Key features

  • 5 ROOM | 3 BATHROOM HMO
  • FREEHOLD
  • INVESTMENT OPPORTUNITY
  • INCOME PRODUCING ASSET
  • HMO LICENCE IN PLACE - Licence No. LN/
  • INCOME - £4150 PCM
  • READY MADE HMO OPPORTUNITY

Description

HMO Opportunity With Licence.

The property at 48 Winlaton Road, Bromley, BR1 5PY holds an active Selective License under Mandatory license granted by the London Borough of Lewisham.

This licence permits occupation by up to 4 tenants across six separate households. The licence, which came into effect on August 23, 2020, is valid for five years, subject to compliance with all conditions outlined by the council.

48 Winlaton Road is located within an Article 4 Direction area in the London Borough of Bromley, which restricts the conversion of single-dwelling properties into C4 HMOs (small HMOs for 3–6 occupants) without explicit planning permission. However, as this property already holds a fully approved Mandatory HMO Licence, it retains significant commercial value and rental of £4150 (£49,800 a year).

Current annual costs to run this property are approximately -£1,867.00 (insurance).
All bills are paid by the tenant.

Due to limited new HMO approvals in the borough, demand for existing licensed HMOs has increased, leading to higher property valuations and rental yields. The established 5-bedroom HMO status positions it as a high-value asset in a regulated market, offering investors a secured rental income stream with long-term appreciation potential.
For more information please contact Joe Mourat at our Bromley Branch.

IMPORTANT NOTE TO PURCHASERS:

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

Winlaton Road, Bromley, Kent, BR1

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Beckenham Hill Station0.6 miles
  • Bellingham Station0.8 miles
  • Ravensbourne Station0.9 miles

About Capital Estate Agents, Bromley

55 Beckenham Lane, Bromley, BR2 0DA
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1Industry affiliation logo 2

Communication, communication, communication, 3 major words that ensure that a sale, a

let or property management runs as smooth as possible. 3 magic words that has been the

backbone of my business since 1996. From answering an email late at night to making sure that

our clients are kept informed at all times of progress then this is what you are buying into.

We thrive on our Google and social media reviews and these are left by more than satisfied

clients and speak volumes of teams service, attitude and indeed the love of the job.

We have invested heavily in new software systems that have not only kept up with new

technology but also makes sure our clients are kept up to speed with regular updates,

that's communication, communication, communication at full speed! We use professional

photography, floor plans, videography, social media, intelligent targeted marketing and of

course all the major marketing websites, that's the start of the marketing of your property,

that's the start of the Capital wheel going into action.

* 100% Independent

* Family run business

* Professional photography in our service

* Floor plans included in our service

* Members of ARLA

* Members of National Association of Estate agents

* Members of property Ombudsman

* 100% accompanied viewings, day & night

* Feedback and weekly reports

* Multi-award winning.

* Professional friendly team

If your property could call, it would call Capital!

Notes

These notes are private, only you can see them.

Disclaimer - Property reference CPT_CPT_LFSYCL_385_540409825. 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 Capital Estate Agents, Bromley. 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.

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