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Residential Investment Property London SE25 £625,000 - £650,000
Guide Price:
£625,000
Auction Date:
21/03/2024
Property Types
This large semi detached dwelling is situated in an established residential location. Currently, 5 rooms are let on ASTs (all in periodic status). The HMO license was granted for 9 persons / 7 rooms + 1 self contained unit on 07/05/2020. 3 rooms are vacant. The auctioneers estimate that refurbishment of the accommodation could produce rent of circa £90,000 pa (7 x £900 pm. 1 x £1200 pm). Planning consent was granted on 08/10/2021 for conversion to 3 apartments.
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