REF 4572
INVESTMENT
£2,500,000
GROSS YIELD
6.93%
ANNUAL RENT
£173,340
This substantial detached HMO property at North Road, Merton, London, SW19, represents a high-yield investment opportunity, generating a gross rental income of £14,445 per month, equating to a 6.93% gross yield. With 12 fully tenanted en-suite double rooms, it delivers a stable monthly net income of £10,839 after operating costs and management fees. The property is managed by a local agent at a 14% fee, ensuring consistent tenant management with zero disruption. The property holds a mandatory HMO license for 12 units, valid until 2028, making it an excellent long-term investment.
This four-storey detached house is a freehold property built with brick and tile construction, and is presented in excellent condition. It features 12 double en-suite bedrooms and shared communal areas, including a modern kitchen and a reception room. The property is equipped with full gas central heating, double glazing, and wifi-enabled heating controls. Outside, there are front and rear gardens, as well as off-road parking for three vehicles. The property meets all HMO licensing standards, including a compliant fire alarm system, making it a fully operational and compliant professional HMO.
Located in the popular area of Merton, SW19, this property benefits from strong transport links and a thriving local community. With easy access to central London and excellent amenities, the area is highly sought after by professional tenants. Merton offers a mix of residential charm and urban convenience, ensuring steady rental demand and significant potential for capital growth.
*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 £2,500,000.
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Long established 5* local agent happy to continue with ongoing management to ensure zero disruption to tenants
