4 Bed HMO, Mitcham, CR4 3QL, £450,000

Saxonbury Close, Mitcham, CR4 3QL - 6 views - 3 months ago

Sold STC
HMO
Planning
ROI: 5%
~129 m²
+11 photos

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£26,700

Total Cash In

£139,200

 

 

Cash Out

 

Room Rate

£815

Gross Rent

£3,260

Running Costs/mo

£2,624

Cashflow/mo

£636

Cashflow/yr

£7,631

ROI

5%

Gross Yield

9%













Property History

Price changed to £450,000

February 12, 2025

Listed for £475,000

January 2, 2025

Sold for £340,000

2018

Sold for £81,950

1999

Floor Plans

Description

  • EPC Rating D +
  • Council tax band C +
  • planning permission for a 4 and 5-bedroom HMO +
  • Four Bedrooms +
  • Two Bathrooms +
  • Downstairs WC +
  • Open Plan Living +

This newly refurbished four-bedroom town house is offered to the market with no onward chain.

Saxonbury close is situated within a quiet cul-de-sac moments from the illustrious Modern Hall Park. The property benefits from over 1200 sq. ft. of internal living space comprising of two reception rooms, four generously sized bedrooms, a private balcony, rear garden and plenty of storage throughout. A further benefits is its ability to be converted into an HMO with planning permission already granted.

The property is ideally situated for transportation, being just a short walk from the Phipps Bridge tram stop. This location offers direct connections to East Croydon on the Southern line and to Wimbledon on the District line and South West trains

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum of six months, with the exception of short term accommodation. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
BUYERS INFORMATION

To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £60 including VAT for this (for the transaction not per person), payable direct to Lifetime Legal. Please note, we are unable to issue a memorandum of sale until the checks are complete.

REFERRAL FEES

We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Goodfellows;

GMI240298/2

Agent Details

Goodfellows, Mitcham

020 3892 9519

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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