10 Warham Road, South Croydon, Surrey

This fully licensed 12-person House in Multiple Occupation (HMO) is currently generating an annual income of £78,300, inclusive of bills. The property features six rooms, each equipped with kitchenette facilities, and shared shower and utility areas. Notably, the existing layout provides ample opportunity for conversion and remodeling aimed at optimizing rental incomes. With proper planning, the estimated rental value could potentially reach around £75,000 per annum when unencumbered by bills, or approximately £65,000 maintaining its current configuration. Spanning approximately 2,476 square feet (230 square meters), the property is in generally good condition but also presents a chance to extend into the loft space to add an additional room (subject to necessary planning permissions). While the property is being sold as-is with current tenant agreements in place, detailed income schedules and utility bills are available for review to give insights into net earnings from bill contributions.