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Super 10 Bed All Ensuite Pro HMO

Rosslyn Hill London NW3
Asking Price
£TBC
Gross Yield
TBC%
10
10
10
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Overview

InvestmentTBC
Gross£144.0K/TBC
Net£140.2K/TBC
RegionGreater London
TenantProfessional
SPV HeldN/A
ManagementN/A
TenancyMulti Tenancy (AST)
LicenseYes
Bedrooms10
Bathrooms10
Occupants10

Description

This end-of-terrace property, operating as a fully tenanted House in Multiple Occupation (HMO), offers an attractive financial investment opportunity. With a stable income of £144,000 annually, this investment showcases a strong occupancy rate of 100%, reflecting high demand in the rental market. The property is well-managed with professional tenants on Assured Shorthold Tenancy (AST) agreements, ensuring consistent rental returns. Current operating costs, including management and utilities, total approximately £1,350 monthly, positioning this property for potential capital growth in the desirable Greater London area.

The property features 10 double ensuite bedrooms, all fully let, providing a robust setup for multi-tenant living. Each bedroom is spacious, contributing to a comfortable living experience. There is a shared kitchen and dining area designed to promote community among tenants, alongside essential amenities like Netflix, a cinema space, and full wheelchair accessibility. This three-storey brick and tile construction benefits from gas central heating and double glazing throughout, ensuring a good standard of comfort and energy efficiency. Although there's no off-road parking or garden area, the property remains strategically located to appeal to the professional tenant market.

Situated in Greater London, the property enjoys a prime location with excellent transport links, enhancing its appeal. The surrounding area is known for a vibrant community atmosphere and proximity to numerous amenities, catering to professionals seeking convenience and accessibility. The presence of CCTV and Wi-Fi-enabled heating adds to the property's attractiveness, ensuring a secure and modern living environment for tenants. With a strong rental demand, this property represents an outstanding opportunity for savvy investors looking to secure a reliable income stream.

Highlights

Fully Tenanted
Strong Rental Demand
Transport Links
Shared Kitchen
Dining Area
Double Glazing
Gas Central Heating
Off-Road Parking

Financials

MonthlyAnnual
Gross Rent£12,000£144,000
Utilities£320£3,840
Net Rent£11,680£140,160

Mortgage

Estimate mortgage costs with a few assumptions (LTV, rate, term). Rates and LTV vary by lender.

Payment
Rate
70%
5.5%
25y
Loan
£TBC
Deposit
£TBC
Monthly Payment
£TBC
Repayment
Est. Rent / mo
£12,000

This is for illustrative purposes only. Always obtain professional & qualified advice for HMO mortgages. For more information on HMO mortgages click here.

Property

Property TypeHouse
Sub TypeEnd Of Terrace
TenureFreehold
ConstructionBrick & Tile
ConditionGood
HeatingGas Central Heating
Double GlazingFull
No Storeys3
GarageNone
GardenNone
ParkingNone
No Parking spaces0
Listed BuildingNo
Current EPC RatingN/A
Potential EPC RatingN/A
Sq Ft3,000 Sq Ft

Management

HMO Management TypeN/A
Monthly Management£0
Management RateN/A

Management Notes

HMO Management for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Management click here.

Rentals

Tenant typeProfessional
Tenancy TypeMulti Tenancy (AST)
12 Month Occupancy100
OccupancyFully Let
No of Units10
No of Occupants10
TypeOcc.StatusAmount
1. Double Room / EnsuiteLet£1,200
2. Double Room / EnsuiteLet£1,200
3. Double Room / EnsuiteLet£1,200
4. Double Room / EnsuiteLet£1,200
5. Double Room / EnsuiteLet£1,200
6. Double Room / EnsuiteLet£1,200
7. Double Room / EnsuiteLet£1,200
8. Double Room / EnsuiteLet£1,200
9. Double Room / EnsuiteLet£1,200
10. Double Room / EnsuiteLet£1,200
Total£12,000

Operating Costs

GasN/A
WaterN/A
WifiN/A
ElectricN/A
Cleaner£200
TV licenseN/A
Insurance£120
Council TaxN/A
Total£320

HMO Utilities for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Utilities click here.

HMO Licensing

HMO License RequiredYes
HMO License TypeMandatory
HMO License in PlaceYes
HMO License ExpiryN/A
HMO Licensing CostN/A
No of Persons10
Units of Accommodation10
AuthorityLondon Council
Authority URLN/A
Planning Use ClassN/A

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Rosslyn Hill London NW3· NW3 5UL

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