London, SW17 9JJ | Investment Property for Sale | VES-SW17-004

Opportunity to purchase a HMO in London generating £41,940 rent pa & gross yield of 4.8%

£875,000

HMO Terraced House

VES-SW17-004

INITIAL INVESTMENT

£266,250

Based on

deposit: £218,750

stamp duty: £45,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£41,940

GROSS YIELD

4.8%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

5 bedrooms

2 bathrooms

1 reception room

1,302

Fully Furnished

Property information

  • Provisional HMO licence
  • Spread over 3 floors
  • Recently refurbished property
  • Open plan kitchen/dining/living room with access to the garden
  • Study on the first floor
  • Lounge on the ground floor used as a bedroom
  • 2 shared bathrooms
  • 1 separate WC on the ground floor
  • EPC rating D
  • The property is managed by a third party

Rental information

  • Room 1 - £650 pcm
  • Room 2 - £725 pcm
  • Room 3 - £775 pcm
  • Room 4 - £695 pcm
  • Room 5 - £650 pcm
  • Total rent pcm: £3,495
  • Total rent pa: £41,940

Prior to Covid-19 the landlord was achieving £3,885 pcm so the rents could potentially be increased back again in the future resulting in a 5.3% gross yield.

Running costs

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

  • Council tax: £197 pcm
  • Gas: £60 pcm
  • Water: £40 pcm
  • Electric: £60 pcm
  • Broadband: £30 pcm
  • TV licence: £13 pcm
  • Cleaner: £60 pcm
  • Insurance: £93 pcm
  • Total cost pcm: £553
  • Total cost pa: £6,636

Location information

  • The property is located in Tooting, south London
  • Amenities are within walking distance as well as Gorringe Park and Figges Marsh
  • Tooting railway station is less than 5-minute walk from the property

Note

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

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 Tooting, LB of Wandsworth

Tooting is a district in South London and mainly located in the London Borough of Wandsworth and partially in the London Borough of Merton. It is about 5 miles south-west of Charing Cross.

Tooting is on the Northern line of the London Underground and has two stations, Tooting Bec and Tooting Broadway. Tooting railway station is on the Sutton Loop Line and runs Thameslink services. It goes south to Sutton via Wimbledon and north to Farringdon, Kings Cross St Pancras and Luton. All three stations are in Travelcard Zone 3. There are several bus routes which go through Tooting linking it to Central London, Croydon, Sutton and Kingston.

The area is great for foodies with a growing number of gastropubs offering the best in modern dining, as well as numerous south Asian restaurants. Tooting Market also has several eateries as well as shops selling vintage clothes, furniture and African art. Broadway Market is one of London’s largest indoor markets offering a variety of food stalls, fresh produce, clothes, homewares and more. Both markets are open on weekdays, with Saturday’s being the busiest day.

Tooting boasts two commons, Tooting Bec Common and Tooting Graveney Common. Both are recognised as a Site of Metropolitan importance for Greater London as they include several rare wildlife habitats. Tooting Bec lido is located here, a grade II-listed art deco swimming pool and England’s largest freshwater swimming pool.

Ascot Road,

London,

Greater London,

England,

SW17 9JJ

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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.

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