Harlow, CM20 1AY | Investment Property for Sale | VES-CM20-001

Opportunity to purchase a HMO property in Harlow generating £51,060 rent pa & gross yield of 11.3%

Offers in excess of

£450,000

HMO Terraced House

VES-CM20-001

INITIAL INVESTMENT

£141,000

Based on

deposit: £112,500

stamp duty: £26,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£51,060

GROSS YIELD

11.3%

ADD TO FAVOURITES

Sold

This listing along with over £30 million of other property has been sold since our launch in 2018.

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The property

TENANCY

Tenanted

TENURE

Freehold

6 bedrooms

5 bathrooms

0

1,356

Fully Furnished

Property information

  • Fully HMO licenced
  • 4 x double rooms with ensuite shower room
  • 2 x double rooms
  • Shared bathroom
  • Separate WC
  • Shared kitchen and dining area
  • Rear garden
  • EPC rating C
  • Council tax band E

Rental information

  • Room 1 - £720 pcm
  • Room 2 - £650 pcm
  • Room 3 - £600 pcm
  • Room 4 - £720 pcm
  • Room 5 - £820 pcm
  • Room 6 - £745 pcm
  • Monthly rental income: £4,255
  • Annual rental income: £51,060

Running costs

The vendor provided us with the following running costs of the property:

  • Gas: £130 pcm
  • Electricity: £100 pcm
  • Council tax: £235 pcm
  • Wifi: £28 pcm
  • Water: £50 pcm
  • TV licence: £13 pcm
  • Total cost pcm: £556
  • Total cost pa: £6,672

Location information

  • The property is located just north of Harlow town centre
  • Harlow centre is just half a mile from the property
  • Harlow Town railway station can be reached in 10 minutes on foot
  • Harlow Town Park is a short walk from the property

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 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 Harlow, Essex

Harlow is a town in the west of Essex on the border with Hertfordshire and London. It lies around 23.5 miles north-east of central London.

The M11 motorway passes in the east of Harlow connecting it to London and Cambridge, as well as to the M25 orbital. The A414 runs through the town from Hertford to Chelmsford.

Harlow has two railway stations, Harlow Town and Harlow Mill railway station. Both stations are on the West Anglia Main Line with Greater Anglia trains running to London Liverpool Street, Stratford, Stanstead Airport, Cambridge and Bishops Stortford. The Stansted Express also stops at Harlow Town taking passengers to Stansted Aiport.

There is also a bus service to Epping tube station which is on the Central Line of the London Underground in Travelcard Zone 6. Stanstead Airport is only 10 miles from Harlow and can easily be reached by car or train.

Harlow is surrounded by Gren Belt land preventing the spread of the city. Between the town centre and Harlow Town railway station lies Harlow Town Park which, at a size of 164 acres, is one of the largest urban parks in the country. The park has multiple gardens, a bandstand, a skate park, a showground, playgrounds, paddling pools, an outdoor gym, picnic tables and toilet facilities. It also has a petting Zoo, Pet’s Corner and a café.

Harlow is also home to a collection of over 100 public sculptures which are dotted around in the open air, shopping centres, housing estates and parks. The Gibberd Gallery runs several exhibits throughout the year and is located in the Civic Centre. Harlow Museum and Walled Gardens is a historic place with over 1000 years’ worth of captured history. The museum itself is housed in an old stable block and there are three historical gardens set over two acres of land.

There are many shopping opportunities in town with the usual high street favourites, as well as the Broad Walk shopping centre, Water Gardens and the St James retail park.

Education is provided by seven state-funded secondary schools as well as an independent school and Harlow College. There is also an international campus of Memorial University of Newfoundland.

The local economy is based in the commercial and leisure sectors, however, Harlow is also part of the London commuter belt and with Cambridge and Stanstead Airport within close proximity many locals tend to commute for work.

Torkildsen Way,

Harlow,

Essex,

England,

CM20 1AY

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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.

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