Winlaton Road, Bromley

HMO Opportunity With Licence.
The property at 48 Winlaton Road, Bromley, BR1 5PY holds an active Selective License under Mandatory license granted by the London Borough of Lewisham.
This licence permits occupation by up to 4 tenants across six separate households. The licence, which came into effect on August 23, 2020, is valid for five years, subject to compliance with all conditions outlined by the council.
48 Winlaton Road is located within an Article 4 Direction area in the London Borough of Bromley, which restricts the conversion of single-dwelling properties into C4 HMOs (small HMOs for 3–6 occupants) without explicit planning permission. However, as this property already holds a fully approved Mandatory HMO Licence, it retains significant commercial value and rental of £4150 (£49,800 a year).
Current annual costs to run this property are approximately -£1,867.00 (insurance).
All bills are paid by the tenant.
Due to limited new HMO approvals in the borough, demand for existing licensed HMOs has increased, leading to higher property valuations and rental yields. The established 5-bedroom HMO status positions it as a high-value asset in a regulated market, offering investors a secured rental income stream with long-term appreciation potential.
For more information please contact Joe Mourat at our Bromley Branch.
IMPORTANT NOTE TO PURCHASERS:
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.