HMO ALERT 🙂
Here is a buy to let deal that may be missed by most people. Mostly because it’s listed at a 5 bed house, but also probably because Foxtons are holding it, and it’s overpriced for the area. Nothing new there. However, when you start looking at it as an investment, it’s not so bad.
As you can see from my scribblings over the floor plan, this is just one way that you could easily and relatively re-jig this 5 bed house to give you 6 let-able rooms, and a huge bathroom.
Asking Price: £575,000
Rent: £575pm
Yield: 7.89%
How’s that for Croydon 2016!!!
Link to Property:Â Click Here
Now, I’ve got a few more ideas about this property, and you may be able to squeeze a bit more money out! I don’t mind sending you my drawings! Give me a call or email if you want my opinion on anything property related or more in depth information about this property, it’s area, and some comparable properties…. hav@croydonpropertynews.co.uk
