Clapham Jct, London, SW11 1HB | Investment Property for Sale | VES-SW11-003

Opportunity to purchase a HMO apartment in London generating £70,200 rent pa & gross yield 6.8%

£1,025,000

HMO Apartment

VES-SW11-003

INITIAL INVESTMENT

£320,750

Based on

deposit: £256,250

stamp duty: £62,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£70,200

GROSS YIELD

6.8%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

5 bedrooms

4 bathrooms

1 reception room

1,231

Fully Furnished

Leasehold information

  • Length of lease: 999 years
  • Year lease started: 2015
  • Service charge: tbc
  • Ground rent: tbc

Property information

  • Spread over 2 floors
  • Fully HMO licenced
  • Large kitchen/dining room
  • Separate lounge leading out onto private roof terrace
  • 3 bedrooms are ensuite
  • All bathrooms have underfloor heating
  • All bedrooms come with built-in TV and internet access
  • EPC rating C

Rental information

  • Room 1 - £1,225 pcm
  • Room 2 - £1,175 pcm
  • Room 3 - £1,200 pcm
  • Room 4 - £1,050 pcm
  • Room 5 - £1,200 pcm
  • Total rent pcm: £5,850
  • Total rent pa: £70,200

Running costs

The vendor informs us that bills are around £450 pcm and include:

  • Gas & electricity
  • Water
  • Council tax
  • Internet
  • Weekly cleaner

Location information

  • The property is a short walk away from Clapham Common and Clapham Junction station.
  • Nearby Northcote Road offers a number of bars, restaurants and shops.

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Clapham Junction, LB of Wandsworth

Clapham Junction is an urban locality surrounding Clapham Junction railway station in south London and forms the commercial centre of Battersea.

Trains from Clapham Junction railway station go to London Waterloo and London Victoria every few minutes and journeys take up to 10 minutes. In the other direction trains go to many other London and southern England destinations. With around 180 trains passing through every hour Clapham Junction is the busiest train station in Britain. The Overground line also runs through here connecting it to Highbury and Islington and Stratford.

Clapham Junction is also a core station of the new north-south Crossrail 2 line for which works should start in 2023.

The closest tube station is Clapham South which lies on the Northern line.

There are also a number of bus routes going through Clapham Junction connecting it to the rest of the city.

The green spaces in the area include York Garden and Shillington Park, which are within 10 minutes of the station, whilst Wandsworth Common and Clapham Common are within 15 minutes. Clapham Common, with its 89 hectares, is classed as one of the largest open spaces in south London and hosts several events throughout the year. It has two woodlands, four ponds, one wetland and a bandstand.

Local amenities include a number of supermarkets, high street stores, cafes and eateries along St John’s Hill, St John’s Road and Northcote Road. There are also a small number of gyms in the area as well as an outdoor gym on Clapham Common. The Latchmere Leisure Centre is around 10 minutes’ walk from the station. Battersea Arts Centre, a premier arts venue, welcomes over 160,000 people through its doors and offers shows, events, talks and workshops for all age groups.

Limburg Road,

London,

Greater London,

England,

SW11 1HB

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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