London, SW9 7UD | Investment Property for Sale | VES-SW9-001

Opportunity to purchase an apartment in Brixton, London, generating £27,000 rent pa & a gross yield of 5.7%

£470,000

HMO Apartment

VES-SW9-001

INITIAL INVESTMENT

£218,100

GROSS RENT / YIELD

£27,000 / 5.7%

NET RENT / YIELD

£19,609 / 4.2%

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The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£10

SERVICE CHARGE

£1,119

4 bedrooms

2 bathrooms

1 reception room

1,133

Partially Furnished

Leasehold information

  • Length of lease: 125 years
  • Year lease started: 1990

Property information

  • Spread over 2 floors
  • Fully tenanted
  • The reception leads out onto a terrace on the first floor
  • Small patio on the ground floor
  • EPC rating D
  • Tenants pay for the bills themselves
  • The lead tenant has been living at the property for the last 5 years and wants to stay on
  • Property is being let on a multi-room basis, covered by a single tenancy agreement
  • Landlord advised HMO licence is not applicable for this property

Landlord comment

"My tenants are excellent -- the lead tenant of the group of four has resided there for five years, and he has always arranged to pay the rent promptly and been very helpful when I've needed to arrange access for gas safety certificates etc."

Tenancy

RENT

£27,000 p.a. / £2,250 pcm

TENANCY DEPOSIT

£2,100

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

13 months ago

TENANCY AGREEMENT ENDS

Periodic

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.

Financials

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Rental Income

GROSS RENT PER ANNUM

£27,000

Equivalent of £2,250 per calendar month (PCM).

GROSS RENTAL YIELD

5.7%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£19,609

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

4.2%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£7,391

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

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.

Spicer Close,

London,

Greater London,

England,

SW9 7UD

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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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