Opportunity to purchase a HMO apartment in London generating £63,600 rent pa & gross yield of 6.7%
£950,000
HMO Apartment
VES-SW9-006
INITIAL INVESTMENT
£307,250
Based on
deposit: £237,500
stamp duty: £67,250
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£63,600
GROSS YIELD
6.7%
The property
TENANCY
Tenanted
TENURE
Leasehold
6 bedrooms
2 bathrooms
1 reception room
1,550
Fully Furnished
Leasehold information
- Length of lease: 125 years
- Year lease started: 1992
- Ground rent: tbc
- Service charge: tbc
Property information
- Spread over 3 floors
- Shared kitchen/dining space
- Lounge
- 2 shared bathrooms
- Courtyard accessible via the kitchen
- The property is fully compliant with planning consent and appropriate safety licences for C4 HMO use
- The property retain a family home configuration providing the option to keep them as HMO or revert to owner-occupier use
- EPC rating C
- Monthly rental income £5,300
Location information
- The property is located between Stockwell and Clapham North tube stations
- A number of local amenities are within a short walk away
- There are several bus stops within a short walking distance from the property
Note
Please note that Vesta has not visited the properties 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 Clapham, South London
Clapham is a district in south London and lies mostly within the London Borough of Lambeth with some areas extending into the London Borough of Wandsworth.
The district is made up of three Lambeth wards: Clapham Common, Clapham Town and Thornton ward. Clapham has an extensive transport network with numerous bus routes connecting the are with much of the rest of London. There are also two railway stations: Clapham High Street and Wandsworth Road, as well as three Underground stations: Clapham North, Clapham Common and Clapham South. Nearby Clapham Junction in Battersea is a major rail transport hub and with around 180 trains passing through every hour Clapham Junction is the busiest train station in Britain.
The main shopping areas include Clapham Old Town, Clapham High Street, Abbeville Road, Nightingale Lane and Clapham Road. Right in the centre of Clapham one can find Clapham Common, which, with its 89 hectares, is classed as one of the largest open spaces in south London and hosts several events throughout the year. It has two woodlands, four ponds, one wetland and a bandstand.
Clapham Road,
London,
Greater London,
England,
SW9 9BN
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