Opportunity to purchase an HMO property in Croydon generating £59,400 rent pa & 9.3% gross yield
Property information:
- Fully refurbished HMO
- HMO licenced
- Spread over 3 floors
- 6 x bedrooms
- 5 of which have an ensuite shower room
- The other tenant has the use of a communal shower room
- Shared kitchen/dining area with access to the garden
- Rear garden with patio and lawn
- EPC rating C
- Council tax band D
Rental income:
- The property is fully let on a 5-year lease ending in 2025, with the option to extend
- Monthly rental income: £4,950
- Annual rental income: £59,400
Location information:
- The property is located in the Addiscombe area of Croydon
- Croydon centre is around 1 mile from the property
- There is a bus stop near the property with regular services
- East Croydon railway station is a 17-minute walk away
Note:
Please note that Vesta has not visited this property and that the vendor has provided all material.
