Block of flats for sale in Selsdon Road, Croydon, London CR2

Sold with vacant possession

Dexters are delighted to introduce this residential investment opportunity with redevelopment potential, located within 800 metres of South Croydon railway station with direct trains to London Victoria or London Bridge.

Currently set up as a fully licenced six-room House of Multiple Occupancy (HMO), previously generating an income of £40,291 gross and representing a gross annual yield of 7.7% at the Guide Price.

Planning Permission (Planning Application Reference: 20/00213/ful) was Granted by the London Borough of Croydon on the 3rd of July 2020 for the proposed increase in size of the existing six-room HMO into a seven-room (7nos. Occupants) HMO including rear ground floor extension and second floor dormer roof extension.
Note: The planning permission expired on the 3rd of July 2023

Tenure: The unencumbered Freehold hm Land Registry Title Number SY70575