London, W6 8ER | Investment Property for Sale | VES-W6-001

Opportunity to purchase a HMO property in London with the potential to generate £32,700 pa

£675,000

HMO Terraced House

VES-W6-001

INITIAL INVESTMENT

£200,250

Based on

deposit: £168,750

stamp duty: £29,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£32,700

GROSS YIELD

4.8%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

5 bedrooms

2 bathrooms

0

1,185

Fully Furnished

Property information

  • Fully HMO licenced for 4 bedrooms only
  • New owner may apply for a 5-bed HMO licence if they wish
  • Bedroom number 4 is currently used as a spare room
  • Split over 3 floors
  • Communal kitchen/diner
  • The property comes with a rear patio
  • 2 new bathrooms were installed in 2020
  • EPC rating C

Rental information

  • Main bedroom - £675 pcm - let since 01/03/2015
  • Room 2 - £600 pcm - let since 01/02/2015
  • Room 3 - £550 pcm - let since 05/04/2021
  • Room 4 - £500 pcm - expected rent if let and 5-bed HMO licence granted, currently used as a spare room
  • Room 5 - £400 pcm - let since 15/04/2021
  • Total rent collected pcm: £2,225
  • Total rent collected pa: £26,700
  • Total rent pcm as a 5-bed HMO: £2,725
  • Total rent pa as a 5-bed HMO: £32,700

Running costs

The vendor provided the following running costs for this property:

  • Heating bill: £76.83 pcm
  • Electricity bill: £75.00 pcm
  • Council tax: £99.63 pcm
  • Water bill: £67.12 pcm
  • BT broadband: £53.17 pcm
  • General repairs & maintenance: £29.16 pcm
  • Service charge: £25.73
  • Total cost pcm: £426.64
  • Total cost pa: £5,119.68

Location information

  • The property is located in Hammersmith, west London
  • Several amenities within walking distance of the property
  • Lillie Road Recreation Ground and Bayonne Park are less than 5-minutes walk from the property
  • Barons Court is the closest tube station, approximately 12 minutes walk away

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 Hammersmith, LB of Hammersmith & Fulham

Hammersmith is a district in west London and is the administrative centre of the London Borough of Hammersmith and Fulham. It is identified as on of the 35 major centres in the London Plan and lies around 4.3 miles west of Charing Cross.

Hammersmith is bordered in the north by Shepherd’s Bush, in the east by Kensington, in the west by Chiswick, and in the south by Fulham. The area is a main commercial and employment centre in west London as well as a major transport hub.

The A4, a busy commuter route, passes over Hammersmith on the Hammersmith Flyover, leading to the M4 motorway and Heathrow Airport. There are two London Underground stations in Hammersmith, one is the western terminus of the Circle and Hammersmith & City lines, whilst the other is on the District line and the Piccadilly line. Both stations are in Travelcard Zone 2.

Hammersmith Broadway is a major bus station, with a large number of bus routes connecting the area to the rest of London including some 24-hour services, as well as a shopping centre in Hammersmith. Other shopping areas are found on King Street, the King’s Mall, or the quirkier shops of Brackenbury Road. Every Thursday a farmers market can be found in Lyric Square.

With its riverside location walks along the river Thames are popular as well as visits to Furnival Gardens and Bishops Park which stretch along the riverbank. Hammersmith Bridge is currently closed to all traffic including pedestrians as its structure became unsafe. The river can be crossed at Putney Bridge to access the WWT London Wetland Centre in Barnes.

Education in Hammersmith is provided by a wide range of schools for all age groups. There are a number of primary schools, several state and independent secondary schools and Hammersmith Academy.

Ancill Close,

London,

Greater London,

England,

W6 8ER

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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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