London, SE24 0HE | Investment Property for Sale | VES-SE24-002

Opportunity to purchase a HMO property in London generating £57,600 rent pa & gross yield of 5.2%

£1,100,000

HMO Terraced House

VES-SE24-002

INITIAL INVESTMENT

£364,250

Based on

deposit: £275,000

stamp duty: £86,750

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£57,600

GROSS YIELD

5.2%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

6 bedrooms

4 bathrooms

1 reception room

1,722

Fully Furnished

Property information

  • HMO licence in place
  • 2 bedrooms come with ensuite bathrooms
  • All other tenants share 2 bathrooms
  • Shared lounge
  • Large shared kitchen
  • Garden at the back of the property
  • EPC rating D

Rental information

  • Room 1 - £800 pcm
  • Room 2 - £800 pcm
  • Room 3 - £800 pcm
  • Room 4 - £800 pcm
  • Room 5 - £800 pcm
  • Room 6 - £800 pcm
  • Total rent pcm: £4,800
  • Total rent pa: £57,600

Running costs

The vendor provided us with the following running costs for this property:

  • Council tax: £200 pcm
  • Gas & electric: £400 pcm
  • Water: £35 pcm
  • Virgin Media (TV, broadband): £30 pcm
  • TV licence: £12 pcm
  • Cleaner: £130 pcm
  • Total cost pcm: £807
  • Total cost pa: £9,684

Location information

  • The property is located in Herne Hill, South London
  • Herne Hill railway station and centre are around 5-minutes walk from the property
  • The closest park is Brockwell Park, just a short walk from the property

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 Lambeth, South London

The London Borough of Lambeth forms part of Inner London and is a borough in South London. Its administrative centre is in Brixton Hill 4 miles south of Charing Cross.

Lambeth is bordered to the east by the LB of Southwark, to the west by the LB of Wandsworth, to the south-west by the LB of Merton and to the south by the LB of Croydon.

The borough is made up of 21 districts including Brixton, Clapham, Lambeth, Waterloo, Streatham, Vauxhall and Crystal Palace.

Its central position in London offers a vast array of public transport options, including cycle routes, walking routs and numerous bus services. There are eight London Underground stations, served by the Bakerloo, Northern, Victoria and Waterloo & City line in Travelcard zones 1 & 2. The boroughs twelve railway stations offer services by South Western Railway, Southeastern, Southern and Thameslink. There are also two London Overground stations.

Some of the boroughs must see and must do attractions include Lambeth Palace, Museum of Garden History, MI6 Building, Imperial War Museum, 575 Wandsworth Road, The Old Vic, The Oval, The Southbank Centre, Brixton Market and Brixton Academy.

There are over 64 areas of parks and open spaces to be found in Lambeth including Clapham Common, Jubilee Gardens, Brockwell Park and Lido, Vauxhall Park, Vauxhall City Farm, Streatham Common, Kennington Park and Myatt’s Fields Park, to name a few.

Milkwood Road,

London,

Greater London,

England,

SE24 0HE

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