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2 bedroom property

Auction
Property
2 beds
409 sq ft / 38 sq m
EPC rating: C
Added > 14 days

Key information

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Features and description

  • Large period freehold house - with driveway and rear access
  • Converted into X4 self-contained flats
  • Popular quiet London suburb
  • Asset management and also further developement opportunity
  • Suit investors/developers
  • Currently producing £30,688.88 per annum (plus 1 vacant flat)
  • BLOCK VIEWING at 2pm ON TUESDAY 17th OCTOBER
  • Online Auction on Thursday, 19 October 2023

An attractive three storey period property that has been converted into X4 self-contained flats. They are all independantly metered and are built in accordance with planning requirements, building regulations and fire safety standards.

Three flats are accessed via a communal hallway that has just been painted. Flat A is a studio flat on the ground floor, Flat B is a first floor, 2 bedroom flat and Flat C on the top floor is a one bedroom split level flat that also has a small balcony. Flat D is a self contained large studio garden flat that is self-contained and accessed to the side of the property. This flat has just become vacant and is in need of refurbishment.

There is a driveway at the front of the building and there is a large rear garden that needs clearing, but could be developed subject to obtaining any necessary consents. We have been informed that the rear has the benefit of having the right of way across the neighbouring rear car parks, but please make your own enquiries and refer to the legal pack.


Location:

South Norwood is a district of south-east London in the London Borough of Croydon. It is located about 7.8 miles south-east of Charing Cross, north of Woodside and Addiscombe, east of Selhurst and Thornton Heath, south of Crystal Palace/Upper Norwood and Anerley, and west of Elmers End and Penge. Two A roads, the A215 and the A213 are in the South Norwood area. The A213 is High Street, Penge Road and Selhurst Road. The A215 is Portland Road and South Norwood Hill. Norwood Junction railway station is situated in the centre of South Norwood just off High Street. Southern and London Overground trains run to London Bridge and Dalston Junction. Fast trains generally take 10 minutes to reach central London and slow trains 20 minutes. Also London Victoria station trains take 20 minutes. East Croydon and West Croydon stations and urban and rural stations thereafter including regular train service to Clapham Junction, Wandsworth Common, Balham and Streaham. Selhurst station is nearby, from which one can catch direct trains to Kensington Olympia and Shepherd's Bush via a train service to Milton Keynes.

The property is located in a residentail area on the north side of Eldon Park near its junction with Albert Road.


Tenancy:

Please refer to the table and legal documents


Online Auction on Thursday, 19 October 2023. For further information, such as legal documents and property information, please visit bidx1.com.
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About this agent

Bidx1 - London
Bidx1 - London
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
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BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 10,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £1.7 million worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, South Africa, Spain and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
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