202 Brigstock Road

Please see details on the property listed below for you to review – please note the property is a ground floor and basement property which has been converted into a 4-bedroom HMO. The property consists of 4 bedrooms, one bathroom and a toilet with one of the bedrooms having a balcony and there is a rear garden included. The property has been kept to a good standard with the current landlord modernising each of the rooms when a tenant vacates. All current tenants are on a rolling contract with the longest serving tenant being in situ since August 2019. The property has a share of the freehold and currently has around 995 years remaining.

The property offers ideal access to local shops, supermarkets, restaurants, leisure facilities and the library. There is a range of accessible transport links including Thornton Heath station, providing access to London Victoria in approximately 25 minutes, and also 24-hour bus routes to central Croydon and Brixton.

If you would like to arrange a viewing, please reply to this email with your proof of funds, i.e. bank statement showing cash or a copy of mortgage in principle. On receipt I can arrange a viewing for you.

INVESTMENT INFORMATION

• Asking price: £350,000.00
• Current rental income: £2,120pcm (£25,440 per annum)
• Ground rent: £0.00
• Service charge: £500.00 per annum
• Gross yield: 7.3%
• Net yield: 7.1%
• Tenure: Share of freehold 995 years remaining
• Current tenancy lengths
• August 2019
• February 2021
• December 2021
• May 2023
• All tenants are on rolling contracts
• Self-managed
• On street parking
• HMO license not needed
• The following is taken directly from Croydon council website. An Article 4 Direction is in place in Croydon.  As such, any HMO of 3 to 6 people created after 28 January 2020 (C4 Use Class) must have appropriate planning consent. The property was being used as a HMO before this point.

202 Brigstock Road - Key Points

Location

Thornton Heath , United Kingdom