London, SE10 0BX | Investment Property for Sale | VES-SE10-003

Opportunity to purchase a HMO apartment in Greenwich generating £29,100 net rent pa & net yield of 5.6%


HMO Maisonette




Based on

deposit: £156,250

stamp duty: £40,000

mortgage fees: £1,500

conveyancing fees: £1,000






Guaranteed rent

A fixed rental income, paid each and every month without all of the normal stresses involved in letting a property.

You still get rent even if the property isn’t tenanted. See property description for more details.

The property







5 bedrooms

2 bathrooms



Fully Furnished

Please note that the seller is open to enquiries from investors as well as owner-occupiers looking to live in the property.

Leasehold information

  • Length of lease: 999 years
  • Year lease started: 1999
  • Ground rent: NIL
  • Years left on lease: 976 years (from 2022)
  • Ground rent review period: n/a
  • Service charge review period: tbc

Property information

  • Fully HMO licenced for 5 persons
  • Spread over 2 floors
  • The master bedroom comes with an ensuite shower room
  • All other tenants share a family-size bathroom
  • The reception room (as per the floorplan) is now the 5th bedroom. The wall with the kitchen is fully closed now instead of having a sliding door.
  • Shared kitchen
  • Private patio with access from the 5th bedroom
  • Tandem parking space for 2 cars in the underground, secure and gated parking garage
  • EPC rating B
  • Council tax band D

Rental information

Current rental income:

  • Actual monthly rent: £2,425
  • Actual annual rent: £29,100
  • The vendor has a management agreement in place that guarantees the rent for the duration of the agreement, whether the property is tenanted or not
  • The managing agent also covers all bills, meaning the gross rent is the net rent
  • Please note that a management cost of 20% was assumed to arrive at the gross rent yield of 5.2% as we are currently unable to show net yield and net rent only.

Potential rental income:

If the property was to be let on a by-room basis it is estimated that it could achieve the below rents. The cost of bills would also need to be taken into account, either to be paid by the tenants or by the landlord.

  • 2 x small double bedrooms for £700 pcm each
  • 2 x large double bedrooms for £800 pcm each
  • 1 x super large double bedroom for £870 pcm each
  • Total potential rental income: £3,840 pcm; £46,440 pa
  • Total potential gross yield: 6.9%

Location information

  • The property is located in Greenwich in south-east London
  • A number of local amenities are only a few minutes away from the property
  • The Emirates Greenwich Peninsula cable car is approximately a 5-minute walk away
  • North Greenwich tube station can be reached in under 15-minutes on foot
  • There is also a bus stop a short walk from the property
  • Greenwich Peninsula Ecology Park is just behind the development


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 Greenwich, London

Greenwich is a town in south-east London in the Royal Borough of Greenwich. It lies around 5.5 miles south-east of Charing Cross.

The area is very well connected by public transport offering a number of options to get around. There are two railway stations, Greenwich and Maze Hill which offer Southeastern services to London Cannon Street, Dartford, Barnehurst and Crayford and Thameslink services to Luton via London Blackfriars and to Rainham.

Docklands Light Railway has two stops, Cutty Sark and Greenwich, both connecting to the Docklands and the City. There is also a London Underground station at North Greenwich with Jubilee Line services running to Stanmore and Stratford. Canary Wharf can be reached within 2 minutes this way.

Its riverside location also means that there are a number of river boat services with stops at Cutty Sark and North Greenwich providing services to Canary Wharf, Blackfriars, London Bridge and Embankment. There are also tourist cruise services going via Westminster, Waterloo and Tower piers.

The National Cycle Network Route 1 also goes through Greenwich and the river can be crossed via the Greenwich Foot Tunnel, which runs underneath the Thames to the Isle of Dogs. There are also several bus services that connect Greenwich to the rest of the city.

Greenwich is home to a number of well-known attractions such as the Greenwich Royal Observatory, from which the world’s first weather forecast was issued in 1848, the Peter Harrison Planetarium, Ranger’s House and the Prime Meridian line, a UNESCO World Heritage Site. Other attractions are strongly connected with Greenwich’s naval heritage and include the National Maritime Museum, the Cutty Sark and the Old Royal Naval College.

Greenwich is also famed for its antiques market which today also includes stalls selling clothes, jewellery, home-made produce and food. Other shopping destinations are the Millennium Leisure Park, just outside of the town centre, and the ICON Outlet at the O2.

One is spoilt for choice for going out with a variety of cafes, bars, pubs and restaurants offering anything from a traditional pub lunch to afternoon tea to a glass of wine by the river. Greenwich Theater offers a year-round programme for the whole family, whilst two cinemas show the latest blockbusters as well as arthouse movies. The M1 Fine Art gallery showcases exhibitions and work by local artists and the Fan Museum exhibits fans from the 11th century to today.

Education in Greenwich is provided by several primary and secondary schools, as well as some free schools. The University of Greenwich’s main campus is located at the Old Royal Naval College and it’s courses include architecture, maritime studies, natural sciences, mathematics and engineering to name a few.

Teal Street,


Greater London,


SE10 0BX

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