Epsom, KT19 9EF | Investment Property for Sale | VES-KT19-001

HMO terraced house in Epsom with the potential to generate £59,700 in rent pa and a gross yield of 8.2%

£725,000

HMO Terraced House

VES-KT19-001

INITIAL INVESTMENT

£341,400

GROSS RENT / YIELD

£59,700 / 8.2%

NET RENT / YIELD

£45,854 / 6.3%

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The property

TENANCY

Vacant

TENURE

Freehold

7 bedrooms

4 bathrooms

1 reception room

TBC

Unfurnished

Property information

  • This property is currently being re-designed and expected to complete in July 2019
  • Vesta will update this listing with more photographs and a floorplan once the works are completed
  • Upon completion this will be a 7 bedroom HMO with a downstairs W.C., plus 1 x separate bathroom, 3 x ensuites and 1 x extra shower room
  • EPC rating C
  • Expected monthly rental income is £4,975, see breakdown below

Rental breakdown

  • Room 1 - £775 pcm - ensuite
  • Room 2 - £775 pcm - ensuite
  • Room 3 - £775 pcm - ensuite
  • Room 4 - £700 pcm - large double
  • Room 5 - £700 pcm - large double
  • Room 6 - £625 pcm - small double
  • Room 7 - £625 pcm - small double
  • Total rent pcm: £4,975
  • Total rent pa: £59,700

Whilst the displayed financials below are market averages, these are the running costs provided by the landlord:

Running costs

  • Gas, electricity, water & internet: £305 pcm
  • Council tax: £159 pcm
  • Total pcm: £464
  • Total pa: £5,568

Please contact us for a bespoke financial analyis, documents or any other questions.

Note

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

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

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£59,700

Equivalent of £4,975 per calendar month (PCM).

GROSS RENTAL YIELD

8.2%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£45,854

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

6.3%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£13,846

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Epsom, Surrey

Epsom is a market town in Surrey and lies around 14 miles southwest of London.

The town is well connected with the A24 passing through the centre of town and the M25 motorway accessible via junction 9 at Leatherhead, around 5 miles outside of Epsom.

Epsom railway station is a short walk from the town’s high street and is operated by South Western Railway and Southern. Regular trains run to London Waterloo, London Victoria, Clapham Junction, Wimbledon, West Croydon, Sutton, Leatherhead, Dorking, Guildford and Horsham. The fastest routes into central London take 35 minutes to Waterloo and 38 minutes to Victoria.

Whilst Epsom is better known for Epsom salts, which were originally extracted here from mineral waters, and the Epsom Downs Racecourse, home of The Derby, there are other attractions not too far away. For example, Chessington World of Adventures Resort, The Gruffalo River Ride Adventure, Hobbledown Adventure Farm Park and Zoo, Nonsuch Palace and Zoo, and many more.

The Epsom Playhouse is 400-seat theatre hosting a variety of travelling casts, comedy acts and amateur productions. The theatre also hosts a summer film series as well as an annual children’s pantomime. It is located next to the Ashley Centre, which is home to over 60 high street and independent retailers.

With its close proximity to London a large number of residents commute into London for work, however, Epsom and Ewell Borough Council, Atkins Global and Nuffield Health are the main big employers locally.

Cotherstone,

Epsom,

Surrey,

England,

KT19 9EF

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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.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

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