4 Bed Of Multiple Occupation House For Sale Ledbury Road, Croydon, CR0
£575,000- Of Multiple Occupation
1 of 5
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Last Updated: 25th June 2024
Description
An attractive opportunity to acquire a semi-detached 1,780sqft property 0.3miles from South Croydon Railway Station.\r
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Currently arranged as a licenced 7 person HMO, investors will be drawn to the potential for immediate income and active management angles. For developers there appears opportunity to re-configure and extend the existing building to create self-contained units, or additional HMO rooms (subject to planning permission). The property would lend itself well to be converted back into a 4-5-bedroom family home.\r
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The neighbouring property 7 Ledbury Road has a large rear extension and planning permission for a single dwelling in the garden.\r
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The ground floor is currently vacant and requires refurbishment, the HMO rooms on the first and second floors are let on ASTs until November 2024, at which point vacant possession can be achieved.
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Currently arranged as a licenced 7 person HMO, investors will be drawn to the potential for immediate income and active management angles. For developers there appears opportunity to re-configure and extend the existing building to create self-contained units, or additional HMO rooms (subject to planning permission). The property would lend itself well to be converted back into a 4-5-bedroom family home.\r
\r
The neighbouring property 7 Ledbury Road has a large rear extension and planning permission for a single dwelling in the garden.\r
\r
The ground floor is currently vacant and requires refurbishment, the HMO rooms on the first and second floors are let on ASTs until November 2024, at which point vacant possession can be achieved.
Agent Details
Acorn New Homes
9 St. Marks Road Bromley BR2 9HG
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.