Ready-made rental income moments from South Croydon station.
Freehold Victorian mid-terrace split into two lettable flats
A freehold Victorian mid-terrace arranged as two self-contained flats, offered as a ready-made investment close to South Croydon station. Both flats are let on assured shorthold tenancies, providing immediate rental income with no service charge or ground rent to dilute returns. Recent internal refurbishment and double glazing improve appeal, while the ground-floor accommodation benefits from a well-finished kitchen and bathroom.
The property retains period character — bay windows and high ceilings — and includes a good-sized rear garden and a useful basement for storage. The upper flat has scope for extra value: the sizeable loft could be developed (subject to consents) to increase floor area and rental yield. Gas central heating and double glazing are already in place; adding loft insulation would raise the EPC rating quickly.
Material points to note: the building is solid-brick as built with no assumed wall insulation, and the current EPC is D because the loft lacks insulation. Both flats share the freehold but separate services; tenants occupy on ASTs so vacant possession would require serving notice. The plot is modest, and nearby area crime is average, though the neighbourhood is broadly affluent and served well for commuting and schools.
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