HMO terraced house in Epsom with the potential to generate £59,880 in rent pa and a gross yield of 8.3%
£720,000
HMO Terraced House
VES-KT19-001
INITIAL INVESTMENT
£230,100
Based on
deposit: £180,000
stamp duty: £47,600
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£59,880
GROSS YIELD
8.3%
The property
TENANCY
Tenanted
TENURE
Freehold
7 bedrooms
4 bathrooms
1 reception room
1,519
Fully Furnished
Property information
- This property has being re-designed and completed in July 2019
- This is 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
- Council tax band D
- Expected monthly rental income is £4,990, see breakdown below
Rental breakdown
- Room 1 - £775 pcm - ensuite - Vacant
- Room 2 - £775 pcm - ensuite - Vacant
- Room 3 - £790 pcm - ensuite - AST start/end date: 07/09/2019 - 06/09/2020
- Room 4 - £700 pcm - large double - AST start/end date: 29/08/2019 - 28/08/2020
- Room 5 - £700 pcm - large double - AST start/end date: 31/08/2019 - 30/08/2020
- Room 6 - £625 pcm - small double - AST start/end date: 07/09/2019 - 06/09/2020
- Room 7 - £625 pcm - small double - AST start/end date: 14/09/2019 - 13/09/2020
- Total rent pcm: £4,990
- Total rent pa: £59,880
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.
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.
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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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