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Six-Bedroom Detached Hmo Investment

Purley, CR8 - Get Access

6 bed 1 bath

Description

This freehold six-bedroom detached property is arranged as a fully licensed House in Multiple Occupation (HMO), currently let and producing £49,488 per annum from individual tenancies yielding a combined rent of £4,124 per calendar month. The accommodation on the ground floor comprises two letting rooms, a diner, kitchen, and a WC. The first floor accommodates four letting rooms, including one with an en-suite, alongside a family bathroom and a separate WC. Externally, the property benefits from off-street parking, a garage, and a rear garden. The property is offered with planning permission granted by Croydon Borough Council (ref: 24/03393/FUL) on 12/09/2025 for the erection of a single-storey rear extension and rear dormer loft extension to facilitate conversion into two self-contained houses with sub-division of the rear garden, associated landscaping, parking, cycle, and refuse storage. Furthermore, plans have been submitted for conversion into a ten-room HMO, and additional plans have been drawn up for conversion into a thirteen-room HMO. Located in Purley, Surrey, the property is offered with an 8-week completion 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 detached period property in Purley was valued by examining its generous 2,347 sq ft floor area against local residential and investment benchmarks. We factored in the property's fair internal condition, which requires updating to the kitchen, bathroom, and exterior render. Finally, we accounted for both its current income generation as a licensed HMO and the valuable planning permission granted for residential conversion.

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