Wandsworth, London, SW18 2DP | Investment Property for Sale | VES-SW18-001

Opportunity to purchase a 3-bed HMO in London generating £40,800 rent pa & gross yield of 5.1%

£800,000

HMO Apartment

VES-SW18-001

INITIAL INVESTMENT

£241,500

Based on

deposit: £200,000

stamp duty: £39,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£40,800

GROSS YIELD

5.1%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

3 bedrooms

2 bathrooms

1 reception room

1,234

Fully Furnished

Leasehold information

  • Length of lease: 999 years
  • Year lease started: 2014
  • Service charge: ad hoc
  • Ground rent: n/a

Property information

  • Fully tenanted HMO
  • Split over 3 floors
  • Large kitchen/dining room
  • Shared living room with access to private roof terrace
  • The roof terrace is west facing
  • Underfloor heating installed in both bathrooms
  • The main bedroom is an ensuite
  • EPC rating D

Rental income

  • Room 1 - £1,075 pcm
  • Room 2 - £1,075 pcm
  • Room 3 - £1,250 pcm
  • Total rent pcm: £3,400
  • Total rent pa: £40,800

The landlord informs us that the cleaner didn't work during the lockdown and the rent was therefore reduced by £140 pcm.

Running costs

The vendor informed us that the running costs include:

  • Gas & electricity
  • Water
  • Council tax
  • Weekly cleaner

Location information

  • The property is within walking distance of both Wandsworth Common and King George's Park.
  • A locally-owned coffee shop and convenience store are located on the property's road.
  • Garratt Lane is a short walk from the property offering a number of shops and eateries.

Note

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

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 Wandsworth Town, LB of Wandsworth

Wandsworth Town is a district in the south of London within the London Borough of Wandsworth and around 4.6 miles south-west of Charing Cross.

The local railway stations are Wandsworth Town, Wandsworth Common and Earlsfield. Trains from Wandsworth Town run to London Waterloo, Weybridge, Kingston via Richmond and Wimbledon, and the Hounslow Loop Line. Trains from Wandsworth Common run to London Victoria, London Bridge, Caterham, Sutton, Epsom Downs, Eps, Milton Keynes and East Croydon. And trains from Earlsfield run to London Waterloo, Guildford, Chessington South, Dorking, Hampton Court, Shepperton and Woking.

The nearest underground station is Southfields tube station and is on the District line between East Putney and Wimbledon Park. There are a number of buses connecting Wandsworth to London Victoria, Aldwych, Vauxhall, Kensal Rise, Peckham and Hammersmith.

Some of the local amenities include the Southside Shopping Centre which offers a range of high street shops and boutiques as well as a cinema, several restaurants and a Nuffield Health gym. Across the road is a Waitrose and Sainsbury’s superstore. Neal’s Nurseries Garden Centre has plenty on offer for all plant lovers whilst Wandsworth Town Library also offers a number of fun activities for children.

There are plenty of options for anyone wanting to eat or drink out including the Michelin starred restaurant Chez Bruce and one of the best known pubs The Ship, with its riverside location.

At the heart of Wandsworth are its green spaces with Wandsworth Common offering 175 acres of nature which includes a lake, small ponds, a wildlife education centre, a nature trail as well as outdoor pitches for cricket and football and the Wandsworth Common Tennis & Bowls Centre. King George’s Park is around 55 acres in size and features formal and ornamental gardens, an ecology site, a lake and riverside walk. There is also a play area with an adventure playground, sports pitches, a leisure centre, as well as a bowling green and tennis courts.

Barmouth Road,

London,

Greater London,

England,

SW18 2DP

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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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