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6-Bedroom Detached Hmo With Development Potential

Purley, CR8 - Get Access

6 bed 2 bath

Description

A freehold six-bedroom fully licensed HMO let producing 49,488 pounds per annum, offered with planning permission to extend and convert the property into two houses. Plans have been submitted to convert into a ten-room HMO, and additional plans have been drawn up for the property to be extended to create a thirteen-room HMO. The ground floor comprises two letting rooms, a diner, a kitchen, and a WC. The first floor provides four letting rooms, including one with an en-suite, a bathroom, and a separate WC. Externally, the property benefits from a garage, a rear garden, and off-street parking. Croydon Borough Council granted planning permission (ref: 24/03393/FUL) on 12/09/2025 for the erection of a single-storey rear extension and rear dormer loft extension to facilitate the conversion of the existing dwellinghouse into two self-contained homes, with sub-division of the rear garden, associated landscaping, and provision of car parking, cycle, and refuse storage. The property is subject to individual tenancies producing a combined rent of 4,124 pounds per calendar month. An 8-week completion is available or earlier if required.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 2,347 sq ft (Floor plan)

This six-bedroom detached period property in Purley was valued by assessing baseline residential values for similar large footprint homes in the area, then factoring in its current operation as a licensed HMO producing £49,488 per year. The assessment also accounts for the fair 5/10 condition requiring light cosmetic updating, as well as the added value from the recently approved planning consent to split the building into two separate houses. Floor area is taken from the verified floor plan at 2,347 sq ft.

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