• Sale by Modern Auction (T&Cs apply) +
• Subject to an undisclosed Reserve Price +
• Buyers fees apply +
• Vacant Possession On Completion +
• Substantial Family Home +
• Off Street Parking and Large Rear Garden +
• Short walk from Norwood Junction and Selhurst Station +
• 7 Double Bedroom HMO +

SUMMARY
Substantial family home (currently 7 double bedroom HMO) offered with vacant possession on completion, a short walk from Norwood Junction and Selhurst Stations this is an ideal investment opportunity.

DESCRIPTION
*VACANT POSSESION ON COMPLEITON*

This substantial family home (currently a 7 double bedroom HMO) on Prince Road, South Norwood, is offered to the market as a fantastic investment or extensive home. Generating a brilliant rental income, the property is ideally suited to investors looking for a ready-made, high-yield opportunity.

All seven HMO bedrooms are generous doubles, with two featuring private kitchenettes and the remaining rooms benefitting from their own sinks. The property further comprises three bathrooms, a bright and spacious dining room, and a well-equipped kitchen designed to accommodate multiple occupants.

Rent in line with market value provides a ROI of 9% (inclusive of buyer fee, stamp duty and reserve price).

Externally, the home boasts a large rear garden as well as valuable off-street parking to the front.

Perfectly positioned, the property is just a short walk from both Selhurst and Norwood Junction train stations, offering fast and frequent links into Central London. With its excellent location, strong rental history, and scope for continued returns, this is a superb investment opportunity not to be missed.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.