Property Summary
73 BLENHEIM PARK ROAD, SOUTH CROYDON, CR2 6BH
GUIDE PRICE £1,000,000 – £1,050,000
FREEHOLD INVESTMENT – FOUR SELF-CONTAINED FLATS
I AM Real Estate is delighted to present this substantial detached freehold residential investment, arranged as four self-contained flats across four levels.
Generating a current rental income of £5,570 pcm (£66,840 per annum), the property offers an attractive gross yield of approximately 6.68% at the lower guide price, before costs.
Extending to approximately 2,568 sq ft including limited-use areas, the building comprises a studio, two two-bedroom flats and a top-floor one-bedroom flat. Accommodation benefits from individual kitchen and bathroom facilities, with selected flats enjoying private gardens, patio areas and a balcony.
RENTAL BREAKDOWN
Flat 1 – Ground Floor Studio: £1,050 pcm. Currently due for rent review.
Flat 2 – Two-Bedroom Split-Level Flat: £1,700 pcm. Two bathrooms, private garden and patio.
Flat 3 – First-Floor Two-Bedroom Flat: £1,650 pcm. Private garden and balcony.
Flat 4 – Top-Floor One-Bedroom Flat: £1,170 pcm. Currently due for rent review.
TOTAL RENTAL INCOME: £66,840 PER ANNUM
Conveniently situated close to Purley Oaks railway station, with access to South Croydon, Purley and surrounding amenities.
Offered as an established income-producing investment with tenants in situ, presenting an opportunity for investors seeking immediate rental income and potential future rental growth, subject to market conditions.
ADDITIONAL INVESTMENT OPPORTUNITY
The property may also be purchased alongside 55 Foxley Lane, Purley, CR8 3EH, comprising a further four self-contained flats.
Together, both freehold buildings generate a combined current rental income of £126,840 per annum, offering an eight-flat residential investment portfolio.
Viewings strictly by appointment through I AM Real Estate.
