House For Sale £500,000
Hilliers Lane, Croydon CR0

An opportunity to purchase a 1,250sqft detached cottage with planning permission to convert and extend into two dwellings. The property is in good condition throughout, let on a single AST at a passing rent of £16,200pa and benefits from a garden area. The property is underlet and could be increased either by re-letting or renting on a room-by-room basis. The planning permission allows for two x 2-bedroom houses each measuring c.860sqft which benefit from an open-plan living room/kitchen, good sized bedrooms and two bathrooms. Each house will come with a car parking space. The re-sales will likely be in the region of £400,000 per unit, and market rent in the region of £1,750pcm per unit.

This opportunity will likely appeal to developers and investors alike.