- Quote Ref: KDM
- 7 Bedrooms
- 4 Bathrooms
- Huge Development Potential
- 3 Storeys
- Rear Outside
- Great Buy to Let / HMO Investment
- Off Street Parking
- Walking distance to Norbury Station
A rare opportunity to buy an incredibly spacious house, built to a very good standard with multiple options for rental or development.
This is the PERFECT PROPERTY FOR AN HMO LANDLORD OR DEVELOPER! It can generate over 5000 pounds per month in rental income or even more if split into 3 or 4 flats (subject to planning permission)
It includes 7/8 bedrooms, 4 bathrooms and one WC. It has the potential to be used as a very desirable family house, conversion to flats or House of Multiple Occupation (STPP). Please watch our detailed video walkthrough to get an idea of the space and current configuration.
It has been advised that the property generates a monthly rent of approximately 5100 pounds, equating to yearly yield of over 6%.
Located just a few minutes walk from Norbury Station, Colmer Road is a quiet residential road just off the A23. It is a very popular area for renting, being a quick commute to Central London and there are also several excellent schools nearby.
The massive ground floor area contains two bedrooms (one with en-suite bathroom), a large open plan kitchen and dining area as well as a downstairs study or further bedroom. There is a lot of potential to reconfigure the downstairs area to suit your needs (STPP).The living room opens up into a beautifully kept paved garden area. At the rear of the garden are two large outhouses, ideal for a working-from-home office but could also be used as a gym, storage or a playroom.
The first floor contains 4 double bedrooms, as well as one full bathroom and an additional W.C.
The second floor contains one further bedroom as well as a full bathroom with both bath tub and shower.
Overall, the house is built to a very good specification and offers a low maintenance investment.
The house also benefits from a front driveway which can accommodate two cars, gas central heating and double glazing throughout.
There are several large supermarkets within walking distance and the nearby Norbury High Street boasts several cafes, restaurants and shops.
The ground floor has underfloor heating throughout.
The property is offered chain free and viewing times are very flexible. Government guidelines in light of Covid-19 will be adhered to at all times.