Blenheim Park Road, South Croydon, CR2
- BEDROOMS
6
- BATHROOMS
4
- SIZE
2,568 sq ft
239 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Guide Price £1,000,000 – £1,050,000
- Freehold Residential Investment Opportunity
- Four Self-Contained Flats Across Three Levels
- Current Rental Income £5,570 PCM / £66,840 PA
- Attractive Gross Yield of 6.68% at £1,000,000
- Approximately 2,568 Sq Ft Including Limited-Use Areas
- Mix of Studio, One-Bedroom and Two-Bedroom Flats
- Private Gardens, Patio Areas and First-Floor Balcony
- Established Tenancies – Close to Purley Oaks Station
- Potential Combined Purchase with 55 Foxley Lane
Description
GUIDE PRICE £1,000,000 – £1,050,000
FREEHOLD INVESTMENT – FOUR SELF-CONTAINED FLATS
I AM Real Estate is delighted to present this substantial detached freehold residential investment, arranged as four self-contained flats across four levels.
Generating a current rental income of £5,570 pcm (£66,840 per annum), the property offers an attractive gross yield of approximately 6.68% at the lower guide price, before costs.
Extending to approximately 2,568 sq ft including limited-use areas, the building comprises a studio, two two-bedroom flats and a top-floor one-bedroom flat. Accommodation benefits from individual kitchen and bathroom facilities, with selected flats enjoying private gardens, patio areas and a balcony.
RENTAL BREAKDOWN
Flat 1 – Ground Floor Studio: £1,050 pcm. Currently due for rent review.
Flat 2 – Two-Bedroom Split-Level Flat: £1,700 pcm. Two bathrooms, private garden and patio.
Flat 3 – First-Floor Two-Bedroom Flat: £1,650 pcm. Private garden and balcony.
Flat 4 – Top-Floor One-Bedroom Flat: £1,170 pcm. Currently due for rent review.
TOTAL RENTAL INCOME: £66,840 PER ANNUM
Conveniently situated close to Purley Oaks railway station, with access to South Croydon, Purley and surrounding amenities.
Offered as an established income-producing investment with tenants in situ, presenting an opportunity for investors seeking immediate rental income and potential future rental growth, subject to market conditions.
ADDITIONAL INVESTMENT OPPORTUNITY
The property may also be purchased alongside 55 Foxley Lane, Purley, CR8 3EH, comprising a further four self-contained flats.
Together, both freehold buildings generate a combined current rental income of £126,840 per annum, offering an eight-flat residential investment portfolio.
Viewings strictly by appointment through I AM Real Estate.
Brochures
Blenheim Park Road, South Croydon, CR2- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: C
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Visit our security centre to find out moreDisclaimer - Property reference 35026032. 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 I AM REAL ESTATE, 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.
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