Greenford, UB6 8LA | Investment Property for Sale | VES-UB6-002

Opportunity to purchase a HMO in Greenford, Ealing with the potential to generate a 7.9% net yield

£1,100,000

HMO Semi-Detached House

VES-UB6-002

INITIAL INVESTMENT

£364,250

Based on

deposit: £275,000

stamp duty: £86,750

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£86,739

GROSS YIELD

7.9%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

6 bedrooms

6 bathrooms

0

1,270

Fully Furnished

Property information

  • Fully refurbished HMO
  • Works are due to complete soon
  • Split over 3 floors
  • 6 x bedrooms with ensuite bathrooms and kitchenettes
  • Shared kitchen
  • Front and rear gardens
  • EPC rating: C
  • Council tax band: E

Rental income

  • A housing association is ready to sign an FRI lease and move in once the works are completed
  • The following FRI lease options are available and require an upfront payment to secure the lease:
    • 7-year lease - £21,684.75
    • 15-year lease with a 5-year extension - £55,369.50
    • 20-year lease with a 5-year extension - £116,739
  • The lease is CPI linked
  • Expected rental income: £7,228.26 pcm; £86,739.12 pa
  • The displayed gross rent and gross yield are reflecting the net amounts; we are unable to display net figures at present

Location information

  • The property is located in Perivale, Greenford in the London Borough of Ealing
  • Perivale Underground station is less than a 5-minute walk away and lies on the Central Line
  • There are also a number of bus stops by Perivale station with regular services
  • Easy access to the A40

Note

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

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 London Borough of Ealing, West London

The London Borough of Ealing is the third largest London borough in population and its administrative centre is in Ealing Broadway, just over 8 miles west of Charing Cross.

Ealing borders the London Borough of Hillingdon to the west, the London Borough of Harrow and London Borough of Brent to the north, the London Borough of Hammersmith and Fulham to the east and the London Borough of Hounslow to the south.

The borough comprises seven major districts Acton, Ealing, Greenford, Hanwell, Northolt, Perivale and Southall.

Ealing is well connected through the London Underground and National Rail network with 12 train stations and 15 tube stations in Travelcard zones 3 and 4. Ealing Broadway is the terminus for the District and Central lines, whilst the Piccadilly line runs through to Heathrow Airport and its terminals. On the road both the A40 and the M4 can be easily reached.

Some of the places to see include Ealing Studios, Wharncliffe Viaduct, The Questors Theater, Pitzhanger Manor House and Gallery and Ealing Broadway Shopping Centre.

Ealing has over 100 parks and open spaces within its boundaries and has long been known as the ‘Queen of the Suburbs’. Some of these include Walpole Park, Hanger Hill Wood, Acton Park, Berkeley fields, Ealing Common, Gunnersbury Park and Lammas Park, to name a few. There are also large areas along the River Brent, which collectively form the Brent River Park, and contain sports grounds, playing fields and golf courses.

Scorton Avenue,

Perivale,

Greenford,

Greater London,

England,

UB6 8LA

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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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