35 Gilsland Road, Thornton Heath, Surrey, CR7 8RQ

  • Unconditional Online Auction Sale
  • Guide Price* : £500,000+
  • Bedrooms: 6
  • Bathrooms: 3
  • Reception Rooms: 1

A fully tenant six bedroom, three bathroom HMO let to working professionals producing £56,813.40 per annum

Description

• Freehold semi-detached house
• 6 bedrooms and 3 bathrooms
• Communal kitchen and dining space
• Benefits from a rear garden with bike storage
• Impressive gross yield of 11.3% on guide
• Fully managed HMO in a prime article 4 location
• Benefits from a Certificate of Lawfulness
• Current rental income of £4,734.45 per month / £56,813.40 per annum

Location

Situated on the well-connected Gilsland Road in Thornton Heath, the property provides direct routes to Croydon town centre, St George’s Hospital, and central London. Set within a popular rental area, it is close to a range of local amenities including shops, schools, and parks. Direct rail links to London, easy access to the M25 and wider regional routes enhances its commuter appeal.

Transport links are provided by both Thornton Heath and Norbury Rail Stations.

HMO Compliance

- HMO Licence
- Certificate of Lawful Development
- EICR
- Fire Risk Assessment
- Emergency Lighting Test
- Fire Alarm Test Certificate
- Gas Safety Certificate

Copies of these documents can be found within the legal pack

Accommodation

Room Number Floor Accommodation Tenancy Info Rent Per Annum
1 Ground HMO room with access to shared bathroom and communal kitchen 12 month AST starting from 11th August 2025 £9,360
2 Ground HMO room with access to shared bathroom and communal kitchen 6 month AST starting from 5th March 2025 £9,540
3 Ground HMO room with access to shared bathroom and communal kitchen 6 month AST starting from 13th August 2022 £9,360
4 First HMO room with access to shared bathroom and communal kitchen 12 month AST starting from 1st December 2025 £8,340
5 First HMO room with access to shared bathroom and communal kitchen 6 month AST starting from 25th February 2026 £10,140
6 Second HMO room with access to shared bathroom and communal kitchen 6 month AST starting from 1st October 2024 £10,073.40

Vendors Solicitor

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). This is not necessarily a figure which a property will sell for and may change at any time prior to the auction. Every property will be offered subject to a Reserve Price (this is the sellers minimum expectation) which will be set within either a Guide Range or no more than 10% above a single figure Guide Price.

The Buyers Administration Fee of £1,500 (inclusive of VAT) is a separate charge payable in addition to the price a Lot sells for. In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, HMO X Auctions must hold a minimum amount from all bidders. This participation amount and administration fee are fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (which forms part of your 10% deposit payment) and the buyers administration fee of £1,500 (inclusive of VAT).

Please note that Lots may be sold or withdrawn prior to auction without prior notice.

Any information provided by HMO X Auctions or the seller, whether in writing or orally, does not constitute a representation, condition, or warranty. The information given is for illustrative purposes only and should not be considered as fact. Any mistakes, omissions, inaccuracies, or mis-descriptions in the information provided will not give rise to any legal action or compensation against HMO X Auctions or the seller.

All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of HMO X Auctions or the seller.

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