1 bed flat for sale

Sydenham Road, Croydon CR0

The Ultimate Property Hack / Incredible Investment Potential & Huge Conversion Potential / Chain Free

Looking to buy a two-bedroom property in London without paying two-bedroom prices? This apartment offers an incredible investment potential to create instant equity or generate a serious rental yield.

Currently, a spacious one-bedroom apartment with Victorian high ceilings, relatively new double-glazed windows, and a recently replaced roof, this property holds huge conversion potential with a proven blueprint. The neighbouring unit has already successfully converted its layout into a full two-bedroom home!

Key Features & Highlights:

1. Energy Efficient Rating: EPC C

2. Huge Conversion Potential: Includes a ballpark builder's quote of £17,000 to relocate the kitchen into the lounge, replace the boiler, update electrics, and refurbish the bathroom, converting the existing kitchen into a second good-sized double bedroom.

3. Incredible Investment Potential: Projected value265K/275K, projected rent of £1,650 to £1,700 pcm post-conversion, delivering an impressive 8.1% to 8.3% gross yield post-refurbishment spend.

4. Instant Equity: Manufactured value creation is ideal for first-time buyers wanting space to grow or investors seeking high returns.

5. Victorian Character & Key Upgrades: High ceilings, relatively new double glazing, and a roof replaced just a few years ago.

6. Prime Commuter Location: Just a 10-minute walk to Selhurst Station and 15 minutes to East Croydon Station.

7. No Onward Chain: Fast, hassle-free transaction.

8. CCTV installed