Opportunity to purchase a 7-unit portfolio in London generating £441,600 rent pa & 8.5% gross yield
£5,175,000
7-unit Portfolio
VES-SE16-001
INITIAL INVESTMENT
£1,646,250
Based on
deposit: £1,293,750
stamp duty: £344,000
mortgage fees: £1,500
conveyancing fees: £7,000
GROSS RENT
£441,600
GROSS YIELD
8.5%
The portfolio
TENURE
Freehold
NO OF UNITS
7
TENANCY STATUS
Tenanted
FURNISHED
Yes
TOTAL SQ FT
11,281
PRICE SQ FT
£459
This is a unique opportunity to purchase a ready-made London portfolio.
Portfolio information
- Made up of 7 HMO freehold houses comprising:
- 6 x 7-bed houses
- 1 x 6-bed house
- EPC ratings C & D
- Each property is fully compliant with planning consent and appropriate safety licences for C4 HMO use
- Many of the properties retain a family home configuration providing the option to keep them as HMOs or revert to owner-occupier use
- Many properties come with outdoor space for the tenants
Rental income
- Aggregate rental income pcm: £36,800
- Aggregate rental income pa: £441,600
- Aggregate rental yield: 8.5%
Available upon request
- Portfolio breakdown
- Floorplans
- EPCs for all units
Note
Please note that Vesta has not visited the properties and that all material has been provided by the vendor.
Need more information?
REQUEST PORTFOLIO DETAILS
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 Stratford, East London
Stratford is a district in east London which lies around 6 miles east of Charing Cross.
The area saw a big transformation when works of the Queen Elizabeth Olympic Park for the 2012 Summer Olympics started. In 2011 Westfield Stratford City shopping centre opened its doors, offering a big range of retailers as well as restaurant outlets, a cinema and casino. Regeneration in the area also brought new housing, jobs, schools and new amenities for local people.
Stratford has an extensive transport network and is served by six stations covering a large catchment area. Stratford railway station is on the Great Eastern Main Line, North London Line and Lea Valley Lines, with services running to a large number of destinations such as London Liverpool Street, Shenfield, Southend Victoria, Ipswich, London Southend Airport and Norwich, to name a few.
Stratford is also served by the Central and Jubilee lines of the London Underground and the DLR, connecting the area to the rest of the capital. There are also numerous London bus routes going through Stratford as well as National Express and Megabus services from Stratford City bus station.
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
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.
Authorised and regulated by the property ombusdman
Copyright © 2023 Vesta Global Limited. All rights reserved.