Hilliers Lane, Croydon, CR0

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Guide Development Detached 4-bedroom house for sale Planning permission for conversion & extension into two houses

New dwellings will measure c. 860sqft Currently let at a passing rent of £16,200pa Guide price - £500,000 F/H

An opportunity to purchase a 1,250sqft detached cottage with planning permission to convert and extend into two dwellings. The property is in good condition throughout, let on a single AST at a passing rent of £16,200pa and benefits from a garden area. The property is underlet and could be increased either by re-letting or renting on a room-by-room basis. The planning permission allows for two x 2-bedroom houses each measuring c.860sqft which benefit from an open-plan living room/kitchen, good sized bedrooms and two bathrooms. Each house will come with a car parking space. The re-sales will likely be in the region of £400,000 per unit, and market rent in the region of £1,750pcm per unit.

This opportunity will likely appeal to developers and investors alike.

Talk to Louis Markham from Acorn (Estate agents in Commercial & Development - Bromley)

Louis Markham - Commercial & Development - Bromley estate agents

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