Turnkey income with loft conversion potential in a well-connected South London location.
Fully licensed four-bedroom HMO with private ensuites
A turnkey, fully licensed four-bedroom HMO in the heart of Streatham, currently producing a gross income of approximately £51,900 per year. Held on a long lease of around 140 years, the building benefits from low operating costs (c. £4,800pa) and an attractive gross yield of 8.65% (c. 7.41% net after costs). The upper floors provide ensuite rooms and a communal kitchen, delivering immediate rental return with minimal management input.
Located on Streatham High Road, the property sits on a busy retail parade with excellent transport links: Streatham Common station is about 0.3 miles away with direct services to central London. The area offers plentiful local amenities, including shops, cafés and green spaces such as Streatham Common, supporting steady tenant demand from nearby workers and students.
There is scope to enhance value by adding a loft conversion (subject to planning). Recent local precedents for dormer extensions within the Streatham Common Conservation Area suggest potential, but any works would require formal approval. Notable drawbacks include leasehold tenure (140 years remaining), no external garden, and the property’s direct frontage onto a busy high road, which may affect some tenant profiles and long-term repositioning plans.
This is a pragmatic buy for investors seeking immediate, hands-off income with upside potential via physical improvement or conversion. Prospective purchasers should verify HMO licence details, confirm planning feasibility for loft works, and factor in local demand dynamics and conservation-area planning constraints.
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