REF 4583
INVESTMENT
£3,000,000
GROSS YIELD
6.6%
ANNUAL RENT
£198,000
This substantial 15-bedroom HMO property presents a prime investment opportunity in the sought-after Balham area, with full occupancy and a strong rental demand. The property generates a monthly gross rent of £16,500, equating to an annual rent of £198,000. With a net yield of 6.05%, after accounting for management fees and operating costs, this property offers stable returns, backed by a fully let professional tenant base. The HMO is professionally managed with a local agent at 15% management fees. Running costs include utilities, council tax, and cleaning, amounting to £1,380 per month. The property is fully compliant with HMO regulations, with a valid license until 2027 for 15 occupants.
This impressive, fully refurbished semi-detached house spans 4 storeys and offers high-quality accommodation across 15 en-suite double rooms, ideal for professional tenants. The property includes 2 communal reception rooms, a shared kitchen, and laundry facilities, ensuring tenants have ample living space and comfort. Additional features such as a communal gym, cinema, bike storage, and high-speed WiFi elevate the property’s appeal. The house is fitted with gas central heating and full double glazing for energy efficiency, alongside a fully compliant fire alarm system. With modern amenities including Netflix, Sky TV, and CCTV, the property offers secure, stylish living in an excellent condition, requiring minimal immediate upkeep.
Situated in the vibrant Balham neighborhood, this property benefits from its proximity to local amenities, including shops, restaurants, and cafes, making it highly appealing to tenants. Excellent transport links via Balham underground and overground stations provide quick access to central London, enhancing the property’s rental demand. The area is known for its strong community vibe, parks, and excellent schools, which contribute to long-term tenant retention and consistent rental yields
*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 £3,000,000.
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