Overview
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
Financials
| Financials | Monthly | Annual |
|---|---|---|
| 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.
This is for illustrative purposes only. Always obtain professional & qualified advice for HMO mortgages. For more information on HMO mortgages click here.
Property
Management
Management Notes
HMO Management for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Management click here.
Rentals
Operating Costs
HMO Utilities for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Utilities click here.
HMO Licensing
HMO License Information
Floorplans
Virtual Tour
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