#Ref. 727
Amazing Refurbed 5 Bed HMO - Guaranteed Rent Option
£839K
Investment
Ascot Road, London, SW17
Overview
Financials
Overview
£839,000
Investment
£41.9K/5%
Gross
£35.3K/%
Net
London
Region
Professional
Tenant
TBC
SPV Held
Local Agent
Management
Multi Tenancy (AST)
Tenancy
Pending
License
Bedrooms
2
Bathrooms
Occupants
Description
This is an amazing 5 Bed HMO that has been refurbed to a very high standard throughout. It has a large communal lounge/kitchen/dining space with lots of storage, 5 large double bedrooms and an easy to maintain garden at the rear.
This turnkey property comes fully tenanted with a guaranteed rent option from a local agent, who will take care of everything from maintenance, bills and tenant sourcing.
Prior to covid-19 the current Landlord was achieving higher rental per room and this could potentially be increased again in the future, they were:
Room 1 - 780
Room 2 - 775
Room 3 - 775
Room 4 - 775
Room 5 - 780
Total - £3,885
These figures would give £390 extra rent per month, £4,680 per year.
This turnkey property comes fully tenanted with a guaranteed rent option from a local agent, who will take care of everything from maintenance, bills and tenant sourcing.
Prior to covid-19 the current Landlord was achieving higher rental per room and this could potentially be increased again in the future, they were:
Room 1 - 780
Room 2 - 775
Room 3 - 775
Room 4 - 775
Room 5 - 780
Total - £3,885
These figures would give £390 extra rent per month, £4,680 per year.
Highlights
Fully Tenanted
Fully Refurbished
Great Location
Financials
Financials
Monthly
Annual
Gross Rent
£3,495
£41,940
Utilities
£553
£6,636
Net Rent
£2,942
£35,304
Mortgage
Deposit Amount
Loan Amount
APR
Monthly Payment
Annual Payment
This is for illustrative purposes only. Always obtain professional & qualified advice for HMO mortgages.For more information on HMO mortgages click here.
Purchase
Stamp Duty
Legals
Buyers Fee
Mortgage Deposit
Total Capital Required
Disclaimer Purchase costs may vary depending on your individual circumstance. This investment example For full information always check with your solicitor. For more information click here.
Property
Property Type
House
Sub Type
Mid-Terrace
Tenure
Freehold
Construction
Brick & Tile
Condition
Good
Heating
Gas Central Heating
Double Glazing
Full
No Storeys
3
Garage
None
Garden
Front & Rear
Parking
No Parking spaces
0
Listed Building
No
Current EPC Rating
64D
Potential EPC Rating
84B
Size
1,388 ft2
Features
Accomodation
Kitchens
1
Kitchenettes
0
Reception Rooms
1
Shared Bathrooms
2
Ensuite Bathrooms
0
Separate WC’s
1
Rentals
Tenant type
Professional
Tenancy Type
Multi Tenancy (AST)
12 Month Occupancy
Occupancy
Fully Let
No of Units
No of Occupants
Type
Status
Amount
Total
£3,495
Costs
Type of Cost
Amount
Gas
£60
Water
£40
Electric
£60
Cleaner
£60
TV license
£13
Insurance
£93
Council Tax
£197
Total
£553
HMO Utilities for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Utilities click here.
Management
HMO Management Type
Local Agent
Management Rate
%
Monthly Management
£0
Management Notes
There is a guaranteed rent option from a local agent, you would be guaranteed £2,415 per month.
HMO Management for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Management click here.
Licensing
HMO License Required
Yes
HMO License Type
HMO License in Place
Pending
HMO License Expiry
HMO Licensing Cost
HMO Licensing varies by local authority. For full information always check with your local authority. For more information on HMO Licensing Click Here.
Floor Plans
Floorplan of this listing is not available.
360º Virtual Tour
360º Virtual Tour of this listing is not available.
Map
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