5 Self Contained Units HMO

Victoria Road, London, N18

REF 4376

  • INVESTMENT

    £850,000

  • GROSS YIELD

    9.04%

  • ANNUAL RENT

    £76,800

5 Self Contained Units HMO For Sale
For Sale
  • INVESTMENT

    £850,000

  • GROSS YIELD

    9.04%

  • ANNUAL RENT

    £76,800

  • REF

    4376

DESCRIPTION

Prime Investment Opportunity: 5 Self-Contained Units in Victoria Road, London, N18

Located in the vibrant and highly sought-after area of London, N18, this mid-terrace HMO offers a lucrative investment with a gross annual rent of £76,800 and a yield of 9.04%. The property features five self-contained units, including 2 studios and 3 one-bedroom flats, all fully tenanted.

Key Features:
Prime Location: N18, encompassing areas like Edmonton, offers excellent access to public transport, shopping centers, and amenities. The area is known for its diverse community, good schools, parks, and a variety of dining and entertainment options. Proximity to the North Circular Road (A406) provides easy access to other parts of London and beyond.

Units: Each unit is well-maintained, with its own bathroom and kitchen facilities, ensuring tenant satisfaction and steady rental income.

Compliance: Fully compliant with HMO regulations, including a fire alarm system and wireless broadband, ensuring safety and convenience for tenants.

Financials: Freehold property with a net yield of 7.95%, making it an attractive investment for those seeking long-term returns.

Property Details:
Size: 1830 ft²
Bathrooms: 5
Heating: Gas central heating
EPC Rating: 61D
Parking: On-road

This property is a standout choice for investors looking to secure high returns in a dynamic part of London. With strong rental demand and excellent amenities nearby, this HMO is a hassle-free, income-generating asset. The ongoing development and regeneration projects in N18 further enhance its appeal and potential for capital growth.

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Features

  • Fully Tenanted
  • Great Location
  • Strong Rental Demand
  • Capital Growth Potential
  • Good Transport Links
  • Wireless Broadband
  • HMO Compliant Fire Alarm
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FINANCIALS

  • Investment £850,000
  • Gross Annual Rent £76,800
  • Gross Monthly Rent £6,400
  • Gross Yield 9.04%
  • Net Monthly Rent £5,630
  • Net Yield 7.95%
  • Min 25% Deposit Requirement £212,500
  • Monthly Mortgage Payment* £2,656
  • Monthly Cashflow £2,974

*Based on 75% LTV 2.5% APR. Note. Always speak to a qualified HMO mortgage broker for an accurate quote. These rates are an example of the potential % APR rates only. Visit theHMOmortgagebroker.co.uk to find out the latest HMO mortgage rates.

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Fees

  • Buyers Fee £0

The fee charged to the buyer in addition to the purchase price.

  • Reservation Deposit --

The deposit amount to secure the HMO opportunity. This is fully refundable in accordance with the terms & conditions (see FAQs) and is deducted from the purchasre price upon completion. In the case of this property, the reservation deposit is -- then the balance due on completion is £850,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 61D
  • Size 1830 ft²
  • Listed Building No
  • Kitchens 5
  • Reception Rooms 2
  • Ensuite Bathrooms 5
  • Studio 2
  • 1 Bed Flat 3
  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 61D
  • Size 1830 ft²
  • Listed Building No
  • Kitchens 5
  • Reception Rooms 2
  • Ensuite Bathrooms 5
  • Studio 2
  • 1 Bed Flat 3
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Photos

5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
5 Self Contained Units HMO For Sale
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VIRTUAL TOUR

Use the most immersive way to experience a property online. Take a virtual tour.

Use the most immersive way to experience a property online. Take a virtual tour.

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Rental

  • Tenant Type
  • Working
  • 12 Month Occupancy
  • 100
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 5
  • Tenant Type
  • Working
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 5
  • Unit 1
  • £1219
  • Let
  • 1 Bed Flat
  • Unit 2
  • £1400
  • Let
  • 1 Bed Flat
  • Unit 3
  • £1214
  • Let
  • Studio
  • Unit 4
  • £1320
  • Let
  • 1 Bed Flat
  • Unit 5
  • £1247
  • Vacant
  • Studio
  • Total £6400
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Costs

  • Gas £200
  • Water £75
  • Wifi £30
  • Electric £175
  • Cleaner £60
  • TV Licence
  • Insurance £30
  • Council Tax £200
  • Gas £200
  • Water £75
  • Wifi £30
  • Electric £175
  • Cleaner £60
  • TV Licence
  • Insurance £30
  • Council Tax £200
  • Total £770
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2027-12-29
  • HMO License in Place Yes
  • No of Persons 10
  • HMO Licensing Cost £3000
  • Units of Accomodation 5
  • Licensing Authority Enfield Coucil
  • Planning Use Class C3
  • HMO License Required Yes
  • HMO License Expiry 2027-12-29
  • HMO License in Place Yes
  • No of Persons 10
  • HMO Licensing Cost £3000
  • Units of Accomodation 5
  • Licensing Authority Enfield Coucil
  • Planning Use Class C3
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Management

  • Type Self Managed
  • Management Rate 5%
  • Monthly Management £320

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FLOOR PLAN

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LOCATION

Victoria Road, London, N18 2UF, United Kingdom

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BROCHURE

Download the investment brochure
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To find out more or arrange a viewing regarding this HMO opportunity, feel free to get in touch.
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