Epic 5 Bed HMO London

Norbury Court Road, SW16

REF 653

  • INVESTMENT

    £680,000

  • GROSS YIELD

    8.12%

  • ANNUAL RENT

    £55,200

AgentHMO default property
Sold
  • INVESTMENT

    £680,000

  • GROSS YIELD

    8.12%

  • ANNUAL RENT

    £55,200

  • REF

    653

DESCRIPTION

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Features

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

  • Investment £680,000
  • Gross Annual Rent £55,200
  • Gross Monthly Rent £4,600
  • Gross Yield 8.12%
  • Net Monthly Rent £4,115
  • Net Yield 7.26%
  • Min 25% Deposit Requirement £170,000
  • Monthly Mortgage Payment* £1,063
  • Monthly Cashflow £3,053

*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 £680,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Semi-Detached
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 78C
  • Size 1151 ft²
  • Listed Building No
  • Kitchens 1
  • Double Ensuite 5
  • Ensuite Bathrooms 5
  • Property Type House
  • Double Glazing Full
  • Sub Type Semi-Detached
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 78C
  • Size 1151 ft²
  • Listed Building No
  • Kitchens 1
  • Double Ensuite 5
  • Ensuite Bathrooms 5
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Photos

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VIRTUAL TOUR

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Rental

  • Tenant Type
  • Professional
  • 12 Month Occupancy
  • 100
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 5
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 5
  • Unit 1
  • £925
  • Let
  • Double Room / Ensuite
  • Unit 2
  • £875
  • Let
  • Double Room / Ensuite
  • Unit 3
  • £875
  • Let
  • Double Room / Ensuite
  • Unit 4
  • £1000
  • Let
  • Double Room / Ensuite
  • Unit 5
  • £925
  • Let
  • Double Room / Ensuite
  • Total £4600
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Costs

  • Gas £75
  • Water £45
  • Wifi £35
  • Electric £75
  • Cleaner £60
  • TV Licence
  • Insurance £41
  • Council Tax £154
  • Gas £75
  • Water £45
  • Wifi £35
  • Electric £75
  • Cleaner £60
  • TV Licence
  • Insurance £41
  • Council Tax £154
  • Total £485
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2024-08-01
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1250
  • Units of Accomodation 5
  • Licensing Authority Croydon Borough Council
  • HMO License Required Yes
  • HMO License Expiry 2024-08-01
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1250
  • Units of Accomodation 5
  • Licensing Authority Croydon Borough Council
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Management

  • Type Self Managed
  • Management Rate 12%
  • Monthly Management £552

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FLOOR PLAN

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LOCATION

Norbury Court Road, London, SW16 4HY, United Kingdom

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BROCHURE

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