London, SW9 8AJ | Investment Property for Sale | VES-SW9-003

Opportunity to purchase a HMO house in London generating £55,731 gross rent pa & gross yield of 5.3%

£1,050,000

HMO End of Terrace House

VES-SW9-003

INITIAL INVESTMENT

£330,250

Based on

deposit: £262,500

stamp duty: £65,250

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£55,731

GROSS YIELD

5.3%

ADD TO FAVOURITES

Sold STC

At Vesta we avoid gazumping by not allowing new offers once a deal has been agreed so that everyone benefits from faster completion in chain-free transactions.

Looking for property like this one? Either search for similar properties or contact us with your investment criteria.

The property

TENANCY

Tenanted

TENURE

Freehold

6 bedrooms

2 bathrooms

1 reception room

1,677

Fully Furnished

Property information

  • Walking distance to 3 stations: 0.4 mile to Brixton tube, 0.5 mile to Clapham North tube and 0.6 mile to Clapham overground
  • Double-fronted Victorian House
  • HMO licence for up to 6 people in 6 rooms
  • 6 double bedrooms, each with space for a desk
  • Large lounge
  • Large kitchen
  • Study
  • Garden with access via the kitchen
  • EPC rating D

Rental information

  • Monthly net rental income: £4,200
  • Annual net rental income: £50,400
  • Tenants are paying all bills themselves including gas, electricity, council tax, water, TV licence, internet, fortnightly cleaner
  • Bills are estimated to come to £5,331 per year
  • Therefore annual gross rental income: £55,731
  • 12-month joint AST ending 4 September 2021; professional tenants
  • No voids or rent arrears in the last 14 years due to sought-after area for young professionals

Potential to increase revenue

  • Potential to increase the rents by upgrading the bathrooms and kitchen, spending approx. £20k. If this was done, the vendor believes the following annual gross rents could be achieved, please contact the sales team for rent comparables in the area (supplied by vendor):
    • £62,496 annual gross rent for a 6-bed house
    • £74,692 annual gross rent for a 7-bed house
  • Subject to HMO licencing and planning permission the study could be used as a 7th double bedroom and thus increase the rental income
  • Potential to add more space or bedrooms by raising the London Roof. Permission has already been granted to multiple properties on the same road.

Location information

  • Zone 2 - approximately 10-minute tube ride from Brixton to Oxford Circus
  • The proximity to the city centre allows tenants to cycle to work
  • Clapham and Brixton High Street are within walking distance and offer 2 cinemas and a large number of bars and restaurants
  • Clapham Common and Brockwell Park are a short walk away

Note

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

Tenancy

RENT

£55,731 p.a. / £4,644 pcm

TENANCY DEPOSIT

£4,855

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

7 months ago

TENANCY AGREEMENT ENDS

9/4/2021

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 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.

Glendall Street,

London,

Greater London,

England,

SW9 8AJ

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

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.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Copyright © 2021 Vesta Global Limited. All rights reserved.