30 Wyvern Road, Purley, Surrey

Description

A Freehold Six Bedroom Fully Licensed HMO Let Producing £49,488 Per Annum. Offered With Planning Permission to Extend and Convert the Property into Two Houses. Plans have been Submitted to Convert into a Ten Room HMO. Additional Plans have Been Drawn up for the Property to be Extended and to Create a Thirteen Room HMO. 8 Week Completion Available or Earlier if Required.

Accommodation

Ground floor: two letting rooms, diner, kitchen and WC. First floor: four letting rooms, one with en-suite, bathroom and separate WC. Exterior: garage, rear garden and off-street parking.

Tenure / Property Information

Investment Analysis

The strongest evidence is two completed sales recorded for 30 Wyvern Road at £500,000 in 2026. The £800,000 2022 sale and £880,000 sale of 12 Wyvern Road are not directly comparable without evidence on condition, accommodation, specification or HMO status. A cautious base GDV of £500,000 is therefore adopted, with no reliable uplift assumed for the proposed schemes.

Investment Snapshot

Strategy Recommendation

Consider only as an existing-income HMO subject to full legal, licensing, tenancy and planning due diligence. Do not underwrite the extension, two-house conversion or larger HMO proposals until their status, viability and costs are confirmed.

Works Required

No specific defects or refurbishment requirements are evidenced. Potential works comprise the planning-permitted extension and conversion into two houses, plus the separately described submitted or drawn-up proposals for ten-room or thirteen-room HMO configurations. Scope, consent status, specification and costs require legal and planning verification.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the cautious £500,000 base GDV, an indicative 75% refinance is £375,000. Cash left in cannot be calculated because the purchase price, refurbishment allowance and buyer costs are not specified. The strategy would also require verification of the existing HMO licence, tenancy position, planning permissions and lender acceptance of the property.

Buy-to-Let Analysis

The property is stated to be a fully licensed HMO producing £49,488 per annum, equivalent to £4,124 pcm before operating costs, finance, voids and management. A gross acquisition yield cannot be calculated because no guide or purchase price is supplied. External rental evidence and an auctioneer rent estimate are unavailable.

Flip Analysis

A £500,000 base GDV is supported by the two recent completed sales for the exact address. No refurbishment cost, selling allowance, purchase price or guide is supplied, so flip surplus and maximum bid cannot be established. The higher £880,000 sale on Wyvern Road is not adopted because it relates to a different property and lacks comparable detail.

Investor Risks & Due Diligence

• No guide price or purchase price is supplied, preventing acquisition yield, total-cost and maximum-bid calculations.

• The property is occupied under individual tenancies, so tenancy terms, vacant possession requirements and income verification require review.

• The current EPC rating is E.

• The planning and design information covers multiple potential schemes, but consent status, conditions, implementation costs and deliverability are not evidenced for all proposals.

• Buyer premium amount is unspecified and further disbursements or seller-related legal, search and transfer charges may apply.

• The £880,000 nearby comparable and older £800,000 sale are materially different from the two 2026 exact-address sales and cannot reliably establish a higher GDV.

Recommendation

Consider only as an existing-income HMO subject to full legal, licensing, tenancy and planning due diligence. Do not underwrite the extension, two-house conversion or larger HMO proposals until their status, viability and costs are confirmed.

Strategy Rating

Analysis Confidence

Exact-address completed sales and stated annual HMO income are available, but there is no guide price, detailed rent schedule, external rental evidence, refurbishment budget, planning documentation, buyer premium amount or complete cost information.