Sutton, SM1 2SJ | Investment Property for Sale | VES-SM1-005

Opportunity to purchase a HMO property in Sutton generating £75,960 rent pa & gross yield of 7.8%

£975,000

HMO Semi-Detached House

VES-SM1-005

INITIAL INVESTMENT

£316,750

Based on

deposit: £243,750

stamp duty: £70,500

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£75,960

GROSS YIELD

7.8%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

10 bedrooms

3 bathrooms

1 reception room

1,679

Fully Furnished

Property information

  • Fully tenanted HMO, comprising:
    • 9 x bedrooms
    • 1 x self-contained studio
  • Spread over 3 floors
  • Shared kitchen
  • Shared diner/lounge
  • 3 x shared shower rooms
  • Rear garden
  • EPC rating E
  • Council tax band F

Rental information

  • Room 1 - £740 pcm
  • Room 2 - £670 pcm
  • Room 3 - £
  • Room 4 - £620 pcm
  • Room 5 - £765 pcm
  • Room 6 - £775 pcm
  • Room 7 - £590 pcm
  • Room 8 - £675 pcm
  • Room 9 - £575 pcm
  • Studio - £920 pcm
  • Monthly rental income: £6,330
  • Annual rental income: £75,960

Running costs

The vendor provided us with the following running costs of the property:

  • Electricity: £261.96 pcm
  • Council tax: £310 pcm
  • Cleaner: £108 pcm
  • Total cost pcm: £679.96
  • Total cost pa: £8,159.52

Location information

  • The property is located just outside the centre of Sutton
  • Sutton town centre is less than 5-minutes walk away
  • Sutton railway station is 0.5 miles away
  • Easy access to the A232

Note

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

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 Sutton, SE London

Sutton is a town in the south of Greater London of the borough Sutton, it is located 10.7 miles south-south west of Charing Cross.

The closest station to this property is Sutton Common railway which is fortunately under ten minutes away on foot. Sutton Common station is served by Southern and Thameslink on the Sutton loop line, providing links to destinations in the local southwest area. The primary station servicing this area is Sutton station which provides routes to several destinations in central London such as London Bridge, London Victoria, Blackfriars and St Pancras. From this station there are 8 trains per hour to London Victoria, some of which are fast trains only stopping at Clapham junction and taking just 25-minutes. This station also has direct services to destinations around and outside of central London, including Epsom, Banstead, Dorking, West Croydon, Luton and St Albans. It has been proposed that in the near future a tramlink is to be builit which will make this location even better for transport links

Sutton High street and the surrounding areas are known as the sixth most important shopping area in London, many familiar high street favourites can be found along this mainly pedestrianized area, as well as banks, building societies and estate agents. The high street is home to two covered shopping centres that are situated at the heart of this retail area, with several other stores and boutiques placed up and down the almost a mile-long stretch from Sutton Green to Sutton station. Sutton has a range of restaurants, patisseries, gastropubs and bars, the pedestrianisation of this area allowing for extra space for outdoor seating areas in the summer. The property is situated very close to Rose Hill Park which has a wide range of indoor and outdoor leisure facilities including tennis and fitness.

As this property is located in the capital there are thousands of job opportunities in the local area and throughout the centre of the city, where there are more than numerous adequate travel options to get you there.

This property could be perfect for young families looking for local academic options for their children. The closest educational establishment to this property is Greenshaw High School, which offers co-education including up to sixth form and is only ten-minutes away on foot. Alternatively, for those that may have younger children there is All Saints Benhilton C of E Primary just a short walk down the road from this property. A new school is being planned to be located within the park which will increase demand for this location.

Camden Gardens,

Sutton,

Greater London,

England,

SM1 2SJ

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.

Vesta Property is a full member of the Property Ombudsman (TPO) and commits to TPO Codes of Practice

Chartered Trading Standards Institute - Approved Code

Authorised and regulated by the property ombusdman

Copyright © 2022 Vesta Global Limited. All rights reserved.