4 Bed HMO, South Croydon, CR2 6JW, £425,000

Hyrstdene, South Croydon, CR2 6JW - 10 views - 2 months ago

HMO
ROI: 7%
~129

ValuationUndervalued











Cashflows























Property History

Listed for £425,000

February 4, 2025

Floor Plans

Description

  • When calling, use extension 103 to get through to the agent dealing with this sale +
  • Plenty of opportunities to add value throughout this home +
  • Parking available at the property and the garage can easily be opened back up again +
  • Situated just 0.5 miles from both Waddon and South Croydon train stations, perfect for commuters +
  • Close to a range of GOOD and Outstanding-rated schools +

Located in South Croydon, this four-bedroom townhouse in Hyrstdene offers a fantastic opportunity for investors or buyers looking to create their dream home. Spread across three spacious floors, this property is perfect for families, professionals, or landlords seeking excellent rental returns.

As you step into the property, the potential is immediately clear. The ground floor features a versatile layout, with a fourth bedroom and a convenient downstairs toilet. The garage has been partially converted and is currently used as a room, but with minor modifications, it could easily become a fifth bedroom or a second reception room, offering incredible flexibility for modern living. You'll also be treated to a ground floor utility room, located at the back of the property.

The first floor is home to a large and bright reception room, perfect for relaxing or entertaining guests. The separate kitchen, complete with a dining area, provides ample space for preparing meals and enjoying family dinners. On the top floor, three well-proportioned bedrooms and a family bathroom complete the living accommodation, making this a home that adapts to your needs.

While some cosmetic and potentially replacement updating could be required, this property presents the perfect canvas to put your own stamp on it. Whether you're looking to refurbish for resale, create an HMO (subject to compliance), or enjoy it as a family home, the possibilities are endless.

Located just 0.5 miles from both Waddon and South Croydon train stations, this townhouse is ideal for commuters, while the surrounding area boasts a range of GOOD and Outstanding-rated schools, making it equally appealing to families.

With strong rental demand in the area, this property has the potential to achieve a yield of approximately 6%, further enhanced by its freehold status and the lack of onward chain. The property is also the most competitively priced four-bedroom home currently on the market in the area, making it an excellent value proposition for savvy buyers.

This home is ready for its next chapter, whether as a fantastic buy-to-let investment or a spacious family residence.

* Service Charge: £975 per annum
Council tax band: E

Agent Details

Keller Williams Advantage, Covering South East

020 3835 6417

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.