Terraced house for sale in Mitcham CR4, 5 Bedroom

***investment opportunity***

An extremely spacious, two story, mid terraced house with a drive way in the front and an 60ft garden to the rear.

This 1930's property is currently being let out as a 5 bedroom house utilising the double reception rooms as bedrooms and the arrangement is at follows:

Ground Floor:-
Bedroom 1: Large double, front facing window, en-suite shower with WC.
Bedroom 2: Large double, rear facing windows overlooking garden. En-suite with shower and WC.
Kitchen: Fully fitted and equipped kitchen with gas cooker, oven, extractor.
Utility room: Comprising washing machine, fridge/freezer.

First Floor:-
Bedroom 3: Large double, front facing window.
Bedroom 4: Single, front facing window.
Bedroom 5: Large double, rear facing window.
Family bathroom: Comprising bath with shower over, WC, wash hand basin.

Attic with potential for conversion.

Externally:-
Drive way in the front and a garden to the rear.
Outbuilding to the rear currently let out as a self-contained studio flat with kitchenette and en-suite shower with WC.

Wooden flooring throughout.

Gas fired central heating.

UPVC double glazed.

Planning Potential:
Planning permission exists for conversion of the attic plus a 5.8 metre extension off the utility room.

Total income received per month = £3,750 which equates to £45,000 per annum.

Freehold sale price: £600,000 achieving A 7.5% yield