REF 4419
INVESTMENT
£1,600,000
GROSS YIELD
8.11%
ANNUAL RENT
£129,792
This investment opportunity at Cranes Park Avenue in Surbiton, Surrey, offers a robust income stream as a fully tenanted HMO with 13 units, yielding an impressive gross rent of £10,816 monthly. Managed under multiple assured shorthold tenancies (ASTs) with professional occupants, the property enjoys 100% occupancy, underscoring its appeal and reliable demand in the rental market. Operating costs, including utilities, cleaning, and council tax, total approximately £2,350 monthly, and the property is self-managed with a management fee of £1,622. Net yields stand at 6.35%, translating to £6,843 net monthly income after all expenses, making this a highly attractive option for investors seeking a steady return.
This detached, brick-and-tile freehold property spans three stories and is in good condition, featuring partial double glazing and gas central heating. The property comprises 13 units, including 11 single rooms, two double rooms, a studio, and a one-bedroom flat, with shared amenities such as two communal kitchens, a spacious reception area, a laundry room, and Wi-Fi, offering a convenient and appealing setup for tenants. Externally, the property includes front and rear gardens, a double garage, and on-road parking.
Additionally, a developable strip of land at the side of the property provides the potential to construct a detached two-bedroom house, subject to planning approval. This unique development option further enhances the property’s long-term value and appeal, positioning it as an even more versatile investment opportunity. HMO licensing for the existing setup is pending with Kingston Borough Council.
Located in Surbiton, the property benefits from excellent transport links and strong local rental demand, making it especially attractive to professionals. The area’s amenities, proximity to central London, and ample green spaces make it highly desirable for tenants, ensuring strong occupancy and growth potential for years to come.
*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.
The fee charged to the buyer in addition to the purchase price.
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 £1,600,000.
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