Epic Established 6 Bed Professional HMO Property

Grantham Road, Clapham, SW9

REF 698

  • INVESTMENT

    £1,050,000

  • GROSS YIELD

    6.88%

  • ANNUAL RENT

    £72,276

AgentHMO default property
Sold
  • INVESTMENT

    £1,050,000

  • GROSS YIELD

    6.88%

  • ANNUAL RENT

    £72,276

  • REF

    698

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 £1,050,000
  • Gross Annual Rent £72,276
  • Gross Monthly Rent £6,023
  • Gross Yield 6.88%
  • Net Monthly Rent £5,470
  • Net Yield 6.25%
  • Min 25% Deposit Requirement £262,500
  • Monthly Mortgage Payment* £1,641
  • Monthly Cashflow £3,829

*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 £1,050,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Average
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 56D
  • Size 1442 ft²
  • Listed Building No
  • Kitchens 2
  • Double 6
  • Reception Rooms 2
  • Shared Bathrooms 2
  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Average
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 56D
  • Size 1442 ft²
  • Listed Building No
  • Kitchens 2
  • Double 6
  • Reception Rooms 2
  • Shared Bathrooms 2
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Photos

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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
  • Professional
  • 12 Month Occupancy
  • 100
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Joint Tenancy (AST)
  • No. of Tenants
  • 6
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Joint Tenancy (AST)
  • No. of Tenants
  • 6
  • Unit 1
  • £5470
  • Double Room
  • Unit 2
  • £553
  • Double Room
  • Total £6023
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Costs

  • Gas £458
  • Water
  • Wifi
  • Electric
  • Cleaner
  • TV Licence
  • Insurance £95
  • Council Tax
  • Gas £458
  • Water
  • Wifi
  • Electric
  • Cleaner
  • TV Licence
  • Insurance £95
  • Council Tax
  • Total £553
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2024-07-01
  • HMO License in Place Yes
  • No of Persons 6
  • HMO License Required Yes
  • HMO License Expiry 2024-07-01
  • HMO License in Place Yes
  • No of Persons 6
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Management

  • Type Self Managed
  • Management Rate 12%
  • Monthly Management £723

option for a local agent to take over full management from the current owner

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FLOOR PLAN

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LOCATION

Grantham Road, London, SW9 9EB, United Kingdom

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BROCHURE

Download the investment brochure
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This property is now Sold. For more like it you can leave your details and we will be in touch to discuss.
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