Studio flat · SE25 6QX
Listing removedListed 112 daysAuction 23 Jul · ended
Opportunity summary
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About
For sale by auction 23rd July 2026 at 12:00 £440,000 plus Freehold investment - four studio flats (one vacant) Location & Description A double-bayed house comprising 4 self-contained studio flats west of South Norwood Hill and mile from both Grangewood Park and Norwood Junction station.
Accommodation Four studios each with kitchenette and bathroom/toilet Tenancy Details Each let on a lease to Cromwood Ltd as follows: Flat 1: 3 years from 1.12.25 at £925 pcm Flat 2: Offered Vacant Flat 3: 3 years from 1.10.22 (holding over) at £885 pcm Flat 4: 3 years from 1.12.25 at £925 pcm Each lease is subject to a Landlord's break on 6 months' notice after the 18th month and a tenant's break on 28 days notice when more than 6 months remaining and 7 days notice when less than 6 months remaining.
Note 1.
A Certificate of Lawful Use or Development was granted by the London Borough of Croydon on 14.10.2018 (Ref: 18/04312/le) for the established existing use of four self-contained flats in the building.
Auction Surveyor: Robert Woolfe Contact: Producing £32,820 P.A. & 1 vacant flat EPC Rating Flat 1 = E, Flat 3 = C, Flats 2 & 4 = D
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 40, Sangley Road, South Norwood
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