London, NW10 9 | Investment Property for Sale | VES-NW10-001

Opportunity to purchase 2 HMOs in Brent, North London, with the potential to generate a 6.5% net yield

£2,860,345

2-unit Portfolio

VES-NW10-001

INITIAL INVESTMENT

£1,060,388

Based on

deposit: £715,086

stamp duty: £342,802

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£185,922

GROSS YIELD

6.5%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

11 bedrooms

11 bathrooms

0

TBC

Fully Furnished

The vendor is open to selling individual units, please get in touch if you are interested.

Property information

  • 2 x brand new HMOs under development
  • Works are expected to complete in December 2022
  • 1 x 5-bed HMO
  • 1 x 6-bed HMO
  • All bedrooms come with ensuite shower rooms
  • Shared kitchen in each property
  • EPC rating tbc; once works are completed new EPC assessments will be carried out
  • Council tax band D

Rental information

  • A housing provider is ready to sign an FRI lease and move in once the works are completed
  • Full FRI lease for 25 years
  • The tenant will pay for all maintenance and management costs
  • The rental income will be CPI-linked, and each year is capped at 1-4%
  • It is expected to generate the following net rent in the first year:
    • 5-bed HMO: £7,042.50 pcm; £84,510 pa
    • 6-bed HMO: £8,451 pcm; £101,412 pa
  • The displayed gross rent and gross yield are reflecting the net amounts; we are unable to display net figures at present

Location information

  • Both properties are located in the Brent area in North London
  • There are local amenities within walking distance from both properties
  • One property is closest to Harlesden Overground station
  • The other property is close to both Neasden and Dollis Hill Underground stations
  • The North Circular road can easily be reached from both properties

Note

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

Please note that the pictures are not of the actual properties but represent a previously completed property from the same vendor. They are for illustrative purposes only and to show the level of quality this property will be finished. The floorplans do represent these properties.

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 Brent

The London Borough of Brent is a borough in north-west London. It borders the boroughs of Harrow to the north-west, Barnet to the north-east, Camden to the east, the City of Westminster to the south-east and the Royal Borough of Kensington and Chelsea, Hammersmith and Fulham and Ealing to the south.

It’s major districts are Kilburn, Willesden, Wembley and Harlesden and it’s sub-districts are Stonebridge, Kensal Green and Queen’s Park.

Brent is the home of Wembley Stadium and also includes other landmarks such as the Kiln Theatre, the Swaminarayan Temple and Wembley Arena.

The borough is very well connected via public transport and has 21 Underground stations which are on the Metropolitan, Jubilee, Bakerloo and Piccadilly Lines. There are also 4 London Overground stations and several National Rail stations within the borough, as well as numerous bus routes which connect Brent with the rest of London.

Brent has around 100 parks and open spaces within its boundaries, including recreational and sporting grounds, a large country park and a large reservoir. Some of these are: Brent Reservoir, Fryent Country Park, Queen’s Park, Roe Green Park, and Vale Farm Sports Ground to name a few.

Education in the borough is provided by state-funded schools as well as independent schools. The schools cover primary education, secondary education, special and alternative education, as well as further education and senior and all-through education.

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

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.

Vesta Property is a full member of the Property Ombudsman (TPO) and commits to TPO Codes of Practice

Chartered Trading Standards Institute - Approved Code

Authorised and regulated by the property ombusdman

Copyright © 2022 Vesta Global Limited. All rights reserved.