London, SW9 0BN | Investment Property for Sale | VES-SW9-002

Opportunity to purchase a HMO apartment in London generating £36,900 rent pa & gross yield of 7.5%

£490,000

HMO Apartment

VES-SW9-002

INITIAL INVESTMENT

£139,700

Based on

deposit: £122,500

stamp duty: £14,700

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£36,900

GROSS YIELD

7.5%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£10

SERVICE CHARGE

£1,265

4 bedrooms

1 bathroom

1 reception room

818

Fully Furnished

This property is also part of a bigger portfolio sale, however, the vendor is open to selling the units individually

Leasehold information

  • Length of lease: 125 years
  • Year lease started: 1988

Property information

  • Spread over 2 floors
  • Property has recently been fully refurbished and renovated
  • Shared kitchen/living room leading out onto the balcony
  • Shared bathroom
  • Additional WC
  • Bills are included in the rent
  • EPC rating D

Rental information

  • Fully let
  • Current monthly rental income is £3,075

Running costs

The vendor advised us that bills total of approximately £6,750 per annum and include:

  • Council tax
  • Service charge
  • Water
  • Gas & electric
  • Telephone line & WIFI broadband
  • Cleaner

Location information

  • Brixton and Stockwell tube stations are a short walk away
  • Perfectly situated for a number of convenience stores
  • Slade Gardens is only a 2-minute walk away

Note

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 Brixton, S London

Brixton is a district within the London Borough of Lambeth in South London. It is bordered by Stockwell, Clapham, Streatham, Camberwell, Tulse Hill, Balham and Herne Hill.

Brixton has very good transport links to the rest of London. The Victoria Line starts at Brixton Underground Station, taking 7 minutes to Victoria and 10 minutes to Oxford Circus. There are 25 bus routes going through Brixton leading to Marylebone, Oxford Circus, King’s Cross, Marble Arch, Elephant & Castle and Croydon. Brixton railway is on the Chatham Main Line, linking London Victoria to Dover Priory / Ramsgate.

Brixton is also very well connected via road, being located on the A203, A204 and A2217 which link it to Vauxhall Bridge. The A23 London to Brighton road also runs through the area.

Brixton is best known for its market, which began in the 1870s, where one can find African and Caribbean produce, as well as Indian and Vietnamese supermarkets and South American butchers. The market is open every day and reflects the diverse community of Brixton and the local area.

Other noteworthy places include Brixton Academy and Electric Brixton. Both are large music venues drawing a variety of artists and fans to the area. Smaller venues such as The Windmill, Jamm and Phonox are also part of London’s live music scene.

The area is great for going out too. With Brixton’s multicultural heritage reflected in the local cuisine one is spoilt for choice when it comes to food. There are also plenty of cafes and bars, old fashioned and eclectic alike. At the Ritzy Cinema one can enjoy the latest blockbusters as well as arthouse and foreign language films.

For outdoor lovers Brockwell Park is the place to be in Brixton. This large and historic park is one of Lambeth’s 12 Green Flat Award-winning parks. It includes ornamental ponds, formal flower beds, a walled ‘Old English’ herbaceous flower garden and a charming 19th century clock tower. There are a number of historic buildings inside the park, such as Brockwell Hall and the Brockwell Lido. Other amenities inside the park include tennis courts, a bowling green a BMX track and a miniature railway.

Robsart Street,

London,

Greater London,

England,

SW9 0BN

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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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