Opportunity to purchase a HMO property in London generating £81,000 rent pa & gross yield of 8.5%
£950,000
HMO Terraced House
VES-SW19-001
INITIAL INVESTMENT
£307,250
Based on
deposit: £237,500
stamp duty: £67,250
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£81,000
GROSS YIELD
8.5%
The property
TENANCY
Tenanted
TENURE
Freehold
6 bedrooms
6 bathrooms
TBC
Fully Furnished
Property information
- Fully HMO licenced for 6 occupants
- Newly refurbished
- Spread over 2 floors, the property comprises:
- 6 x bedrooms
- All bedrooms come with their own ensuite shower rooms
- Shared kitchen
- 2 x bedrooms at the back of the house come with their own small garden
- EPC rating D; a better rating is expected following the refurbishment works, expecting new certificate
- Council tax band D
Rental information
- Room 1 - £1,100 pcm
- Room 2 - £1,050 pcm
- Room 3 - £1,100 pcm
- Room 4 - £1,100 pcm
- Room 5 - £1,200 pcm
- Room 6 - £1,200 pcm
- Monthly rental income: £6,750
- Annual rental income: £81,000
Running costs
The vendor provided us with the following running costs of the property:
- Council tax: £200 pcm
- Gas & electric: £150 pcm - electricity is split per room, vendor only pays for communal areas
- Water: £40 pcm
- Broadband: £39 pcm
- TV licence: £12 pcm
- Total cost pcm: £441
- Total cost pa: £5,292
Location information
- The property is located in the Abbey ward of Wimbledon
- Merton High Street and its local amenities is a short walk from the property
- South Wimbledon tube station is an 8-minute walk away
- Easy access to the A24
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 Wimbledon, London Borough of Merton
Wimbledon is a district and town in the south-west of London. It lies around 7 miles south-west of Charing Cross and includes the electoral wards of Abbey, Dundonald, Hillside, Trinity, Village, Raynes Park and Wimbledon Park. It is considered an affluent suburb with the residential area split into the village and the town.
The area is well connected via public transport, with three tube stations, three railway stations and one tram station. The tube stations include South Wimbledon (Northern Line), Wimbledon Park (District Line) and Wimbledon station (District Line). Raynes Park, Wimbledon Park and Wimbledon are railway stations, whilst Wimbledon is also a Tramlink station. All stations are with the Oyster Fare Zone 3.
There are also around 10 different bus routes, including one night bus, that travel through the area.
Wimbledon Common is a large open space and most of it is a Site of Special Scientific Interest and a Special Area of Conservation. There are three named areas, Wimbledon Common, Putney Heath and Putney Lower Common, which total 460 hectares.
Wimbledon is probably best known for the oldest tennis tournament in the world, the Wimbledon Championships, which is being held at the All England Club since 1877. It draws huge crowds to the area each year for two weeks in July.
There are some fantastic places to shop in Wimbledon, with the village offering everything from independent shops to luxury brands, as well as some great food retailers. Whilst Wimbledon town is home to Ely’s, an upmarket shopping centre, the Centre Court shopping centre, as well as other well-known high street brands.
Wimbledon is also home to several companies and their UK headquarters, such as Zipcar, CIPD, Ipsotek, United Response, Lidl and the Communication Workers Union.
Abbey Road,
London,
Greater London,
England,
SW19 2NA
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