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For Sale

Super 5 Bed Pro HMO

Miriam Road London SE18
Asking Price
£TBC
Gross Yield
TBC%
4
4
Download Brochure
B1.0
B1.2
B2.1
B3.2
B3
B3es
B4.2
B4
B4es
B4es2
Kitchen
Living.diner
Rear Patio
1 / 13

Overview

InvestmentTBC
Gross£40.2K/8.93%
Net£34.6K/7.7%
RegionGreater London
TenantWorking
SPV HeldN/A
ManagementLocal Agent
TenancyMulti Tenancy (AST)
LicenseYes
Bedrooms4
Bathrooms4
Occupants4

Description

This outstanding HMO property presents an impressive investment opportunity, showcasing strong financial metrics with a gross yield of 8.93% and a net yield of 7.02%. Fully occupied, the property currently generates gross rents of £40,200 annually, translating to a monthly income of £3,350. The diverse tenant profile, predominantly comprised of working professionals, ensures stability and consistent cash flow, with all four double ensuite bedrooms occupied under multi-tenancy agreements. With effective property management from a local agent and an occupancy rate of 100%, this HMO is a compelling asset for any investor looking to capitalize on the robust rental demand in the region.

The property is a mid-terrace house with a well-maintained brick and tile construction, spanning two storeys and encompassing four double ensuite bedrooms. Each ensuite bathroom ensures tenant privacy and convenience, while the shared kitchen and dining area fosters a communal living environment, enhancing tenant experience. With double glazing throughout, it offers energy efficiency and comfort, while the front and rear gardens add outdoor space for leisure. The property is freehold, which provides long-term ownership benefits. The absence of off-road parking is offset by available on-road parking, benefiting tenants with vehicles. Overall, this property is designed to meet the needs of modern tenants while offering a comfortable living space.

Situated in Greater London, this property benefits from a prime location within the Royal Borough of Greenwich. The area boasts excellent transport links, providing easy access to central London and beyond, making it ideal for working professionals. Furthermore, the neighborhood offers various local amenities, including shops, restaurants, and recreational facilities, ensuring a vibrant community atmosphere. The property's proximity to key transport routes enhances its attractiveness to potential tenants, aligning with the strong rental demand.

Highlights

Strong Rental Demand
Transport Links
Shared Kitchen
Dining Area
Double Glazing
Off-Road Parking

Financials

FinancialsMonthlyAnnual
Gross Rent£3,349£40,185
Utilities£60£717
Net Rent£3,289£39,468

Mortgage

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

Payment
Rate
70%
5.5%
25y
Loan
£315,000
Deposit
£135,000
Monthly Payment
£1,934
Repayment
Est. Rent / mo
£3,349

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
HeatingElectric
Double GlazingFull
No Storeys2
GarageNone
GardenFront & Rear
ParkingOn-Road
No Parking spaces0
Listed BuildingNo
Current EPC Rating55D
Potential EPC Rating78C
Sq Ft9,999,999 Sq Ft

Management

HMO Management TypeLocal Agent
Monthly Management£335
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 Units4
No of Occupants4
TypeStatusAmount
1. Double Room / EnsuiteLet£850
2. Double Room / EnsuiteLet£725
3. Double Room / EnsuiteLet£825
4. Double Room / EnsuiteLet£950
Total£3,350

Operating Costs

Gas£0
Water£62
Wifi£20
Electric£325
Cleaner£100
TV license£15
Insurance£53
Council Tax£142
Total£717

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 Expiry2030-07-14
HMO Licensing CostN/A
No of Persons4
Units of Accommodation4
AuthorityRoyal Borough of Greenwich
Authority URLN/A
Planning Use ClassC4

Licence Documents

50MR - CLEUD - 3.7.25
50MR - HMO licence to 14.7.30

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Floorplans

50MR - Floorplan

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Miriam Road London SE18· SE18 1RE

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