Description
Seven bedroom HMO for sale in West Croydon, currently let on ASTs with an HMO license in place until 2025, generating £6,000 pcm. The property has been very well managed and maintained, making it the perfect opportunity for investors looking for a straightforward income producing asset. There is an HMO license that was granted in 2020 and expired in september 2025. Each room is let out on AST's with five out of seven currently rolling and two agreements ending in 2025. Please enquire for more details.
Additional Comments
BidX1 and Foxtons are working in Partnership as Joint Agents for the online auction and due to this any enquiries, viewings, bids or offers on the property will require your details to be shared between both Bidx1 & Foxtons.
Viewings are by appointment only unless open house times are displayed, please contact us to book your appointment with our Auction teams.
Subject to confirmation
This means the buyer is invited to place a bid at or above the opening bid price of the listed property. Once bidding is closed, the vendor has 48 hours to decide if they want to accept the highest bid or not. If you are not the highest bidder your participation fee will be refunded in full within a maximum of 5 business days (unless delayed by the card provider) post the bidding closing time. If you are successful following vendor acceptance, in accordance with the authority you provided on registration, BidX1 will sign legally binding contracts relating to the sale of the property on behalf of you and the vendor.
Location:
Farquharson Road is ideally situated a short distance from the local shops and eateries on London Road and is close to West Croydon station. A further range of amenities can be found in nearby Croydon Town Centre.
Tenancy:
Please refer to legal documents.
Accomodation:
Ground floor: kitchen/dining room, two bedrooms, two shower rooms, garden.
First floor: four bedrooms, three shower rooms.
Second floor: bedroom, shower room.
Online Auction on Thursday, 20 March 2025. For further information, such as legal documents and property information, please visit bidx1.com.