Sutton, SM2 6BZ | Investment Property for Sale | VES-SM2-001

Opportunity to purchase a 2-unit block in Sutton generating £92,400 rent pa & net yield of 7%

£1,325,000

2-unit HMO Block

VES-SM2-001

INITIAL INVESTMENT

£449,750

Based on

deposit: £331,250

stamp duty: £116,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£92,400

GROSS YIELD

7.0%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

7 bedrooms

5 bathrooms

2 reception rooms

2,163

Fully Furnished

Block information

  • Spread over 2 floors
  • The block comprises 2 units:
    • 1 x 3-bed HMO
    • 1 x 4-bed HMO
  • Recently refurbished and furnished
  • Comes with a garden
  • EPC ratings: D & E
  • Council tax band: E & F

Rental information

  • The properties are let on an FRI basis for 5 years, starting in January 2022
  • All utilities, management and maintenance costs are covered by the tenant
  • Monthly rental income £7,700
  • Annual rental income £92,400

Location information

  • The property is located in Sutton
  • There are a number of local shops just a short walk from the property
  • Belmont railway station is a 5-minute walk away
  • There are regular trains to London Victoria and Epsom Downs
  • Easy access to the A217

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.

Queens Road,

Sutton,

Greater London,

England,

SM2 6BZ

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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.

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