House · CR0 1BL
For saleListed 186 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
- Eight-bedroom HMO for 10 persons - Detached building arranged over basement, ground, first and second floors - Let to the London Borough of Croydon with a gross income of £70,560 per annum - There may be potential to convert the property into a single dwelling or self-contained flats subject to obtaining the relevant consents - Offers are invited in excess of £925,000 for the freehold interest The property is located on Mulgrave Road, Croydon.
East Croydon Railway Station is located 0.7 miles north of the property, providing services to Brighton, Gatwick Airport and London Terminals.
East Croydon Tram Stop provides services to Wimbledon, Beckenham Junction, Elmers End and New Addington. The property has a Public Transport Access Level (PTAL) rating of 5.
The property is located within Chatsworth Road Conservation Area.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 23 Mulgrave Road, Croydon CR0 1BL
Explore nearby
