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Super 5 Bed Pro HMO

Ceres Rd, London SE18
Asking Price
£TBC
Gross Yield
TBC%
5
5
5
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Overview

InvestmentTBC
Gross£50.0K/9.53%
Net£43.0K/8.2%
RegionGreater London
TenantWorking
SPV HeldN/A
ManagementSelf Managed
TenancyMulti Tenancy (AST)
LicenseYes
Bedrooms5
Bathrooms5
Occupants5

Description

This property presents a remarkable investment opportunity in the heart of Greater London, boasting an impressive gross yield of 9.53 percent and a net yield of 7.38 percent. With five en-suite double bedrooms, it is fully tenanted under a multi-tenancy agreement primarily catering to working professionals. The annual rental income stands at £50,040, with a monthly rental figure of £4,170. Management is self-managed with a 10 percent fee, ensuring low operational costs. The property benefits from a strong rental demand in the area, highlighting its potential for sustained profitability and future capital growth.

This mid-terrace house features a well-maintained interior and provides spacious accommodation across two storeys. Each of the five en-suite double bedrooms is designed for comfort and convenience, ensuring tenants' privacy. The shared kitchen and dining area promotes a welcoming communal atmosphere, while the presence of a separate WC further enhances usability. The property has front and rear gardens, offering outdoor space, and is fitted with full double glazing and gas central heating for efficient energy use. With a total area of 1,087 square feet, it provides ample living space, attracting a high standard of tenant. Moreover, it is located in a good condition, ensuring a sustainable investment without immediate need for refurbishment.

Situated in a vibrant part of Greater London, this property benefits from excellent transport links and local amenities that enhance its appeal to potential tenants. The surrounding area offers a diverse range of shops, restaurants, and recreational facilities. The occupancy rate is currently at an impressive 100 percent, underscoring the strong demand for housing in this locality. The Royal Borough of Greenwich is known for its community-oriented atmosphere, making it an attractive place for working professionals seeking convenient and affordable living solutions.

Highlights

Fully Tenanted
Strong Rental Demand
Transport Links
Shared Kitchen
Dining Area
Double Glazing
Gas Central Heating

Financials

FinancialsMonthlyAnnual
Gross Rent£4,169£50,033
Utilities£14£164
Net Rent£4,155£49,869

Mortgage

Estimate mortgage costs with a few assumptions (LTV, rate, term). Rates and LTV vary by lender.

Payment
Rate
70%
5.5%
25y
Loan
£367,500
Deposit
£157,500
Monthly Payment
£2,257
Repayment
Est. Rent / mo
£4,169

This is for illustrative purposes only. Always obtain professional & qualified advice for HMO mortgages. For more information on HMO mortgages click here.

Property

Property TypeHouse
Sub TypeMid-Terrace
TenureFreehold
ConstructionBrick & Tile
ConditionGood
HeatingGas Central Heating
Double GlazingFull
No Storeys2
GarageNone
GardenFront & Rear
ParkingOn-Road
No Parking spaces0
Listed BuildingNo
Current EPC Rating48E
Potential EPC Rating86B
Sq Ft1,087 Sq Ft

Management

HMO Management TypeSelf Managed
Monthly Management£417
Management Rate10%

Management Notes

HMO Management for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Management click here.

Rentals

Tenant typeWorking
Tenancy TypeMulti Tenancy (AST)
12 Month Occupancy100
OccupancyFully Let
No of Units5
No of Occupants5
TypeStatusAmount
1. Double Room / EnsuiteLet£875
2. Double Room / EnsuiteLet£750
3. Double Room / EnsuiteLet£850
4. Double Room / EnsuiteLet£700
5. Double Room / EnsuiteLet£995
Total£4,170

Operating Costs

GasN/A
WaterN/A
WifiN/A
ElectricN/A
Cleaner£100
TV licenseN/A
Insurance£64
Council TaxN/A
Total£164

HMO Utilities for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Utilities click here.

HMO Licensing

HMO License Information

HMO License RequiredYes
HMO License TypeMandatory
HMO License in PlaceYes
HMO License Expiry2029-10-17
HMO Licensing Cost£1500
No of Persons5
Units of Accommodation5
AuthorityRoyal Borough of Greenwich
Authority URLN/A
Planning Use ClassC4

Floorplans

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Ceres Rd, London SE18· SE18 1HL

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