Various locations, London | Investment Property for Sale | VES-E3-002

Opportunity to purchase a portfolio of 25 HMOs in London generating £872,580 & a gross yield of 6.8%

£12,840,268

25-Unit HMO Portfolio

VES-E3-002

INITIAL INVESTMENT

£6,037,870

GROSS RENT / YIELD

£872,580 / 6.8%

NET RENT / YIELD

£616,492 / 4.8%

ADD TO FAVOURITES

The portfolio

TENURE

Leasehold

NO OF UNITS

25

TENANCY STATUS

Tenanted

FURNISHED

Yes

TOTAL SQ FT

21,163

PRICE SQ FT

£607

GROUND RENT

£340

SERVICE CHARGE

£36,932

A portfolio of very well finished apartments configured as HMOs. The properties reside in trendy hotspots of East London, attracting young professionals working nearby in the City. All properties have been recently renovated and finished to a very good standard. The portfolio as a whole is generating excellent and stable returns.

Portfolio summary

  • 25 leasehold flats/maisonettes comprising of:
    • 2 x 3-bedrooms
    • 22 x 4-bedrooms
    • 1 x 5-bedrooms

Locations

This portfolio is spread over 8 postcodes in London, see the split below:

  • 8 x units in E1 – Tower Hamlets
  • 4 x units in E14 – Tower Hamlets
  • 2 x units in E15 – Newham
  • 2 x units in E2 – Tower Hamlets
  • 6 x units in E3 – Tower Hamlets
  • 1 x unit in SE14 – Southwark
  • 1 x unit in SW8 – Lambeth
  • 1 x unit in SW9 – Lambeth

Available upon request

  • Portfolio breakdown
  • EPCs for all units
  • Leasehold information per unit
  • Floorplans for all units

Please note that Vesta has not visited the properties and that all material has been provided by the vendor.

The listings particulars haven't yet been reviewed by the vendor and are therefore not final.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

Rental Income

GROSS RENT PER ANNUM

£872,580

Equivalent of £72,715 per calendar month (PCM).

GROSS RENTAL YIELD

6.8%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£616,492

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

4.8%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£256,088

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

About Tower Hamlets, Newham, Southwark & Lambeth

Tower Hamlets

  • Tower Hamlets is located east of the City of London and north of the River Thames in East London.
  • The area comprises of 20 districts such as Bow, Aldgate, Canary Wharf, Stratford, Leyton, Poplar, Hackney, Olympic Park.
  • It is also home to a number of famous tourist attractions Tower of London, Tower Bridge, Columbia Road Flower Market and Billingsgate Fish Market.
  • Employment is dominated by the finance industry. 44% of jobs are concentrated in Canary Wharf and 26% are in the finance and insurance industry, making it the borough’s largest employment sector.
  • The borough is well served by several train networks and has 31 public transport stations (3 mainline, 12 underground, 16 DLR) and will have two Elizabeth line (Crossrail) stations at Whitechapel and Canary Wharf.

Newham

  • Newham is located 5 miles east of the City of London and was one of the six host boroughs for the 2012 Summer Olympics. It contains most of the Olympic Park including the London Stadium.
  • The area comprises of 24 districts such as Stratford, Stratford City, Canning Town, Upton, West Ham, East Village.
  • Newham borough is well connected and has 28 public transport stations including DLR, underground, TfL Rail and 3 mainlines, including the London City Airport DLR station.
  • It is home to the ICC London ExCeL, Westfield Shopping Centre, Stratford Centre, West Ham United F.C., London Stadium and London City airport.

Southwark

  • Southwark is part of Inner London and is connected by several bridges across the River Thames to the City of London.
  • Some of its major attractions are Tower Bridge, The Shard, Tate Modern, Shakespeare’s Globe Theatre, Borough Market, HMS Belfast, to name a few.
  • Southwark is served by 3 underground lines, 6 London Overground stations, 11 railway stations, 4 Riverbus piers and several bus routes.
  • The borough is home to London South Bank University’s principal site in Elephant & Castle, as well as 2 colleges of University of Arts London. Whilst King’s College London, the largest university teaching hospital in Europe, is situated at Guy’s Hospital.

Lambeth

  • Lambeth is in south London and forms part of Inner London, with Brixton being its civic centre.
  • It is well connected through a network of 13 railway stations, including Waterloo station, 8 underground stations (serving 4 lines), 2 London Overground stations and numerous bus routes.
  • You can find many famous landmarks and places of interest in this borough, such as the London Eye, County Hall, Southbank Centre, National Theatre, The Oval cricket ground, Old Vic Theatre and British Film Institute.

What makes us different?

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Benefits include:

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