Overview
Description
This property presents a remarkable investment opportunity in the heart of Greater London, boasting an impressive gross yield of 9.53 percent and a net yield of 7.38 percent. With five en-suite double bedrooms, it is fully tenanted under a multi-tenancy agreement primarily catering to working professionals. The annual rental income stands at £50,040, with a monthly rental figure of £4,170. Management is self-managed with a 10 percent fee, ensuring low operational costs. The property benefits from a strong rental demand in the area, highlighting its potential for sustained profitability and future capital growth.
This mid-terrace house features a well-maintained interior and provides spacious accommodation across two storeys. Each of the five en-suite double bedrooms is designed for comfort and convenience, ensuring tenants' privacy. The shared kitchen and dining area promotes a welcoming communal atmosphere, while the presence of a separate WC further enhances usability. The property has front and rear gardens, offering outdoor space, and is fitted with full double glazing and gas central heating for efficient energy use. With a total area of 1,087 square feet, it provides ample living space, attracting a high standard of tenant. Moreover, it is located in a good condition, ensuring a sustainable investment without immediate need for refurbishment.
Situated in a vibrant part of Greater London, this property benefits from excellent transport links and local amenities that enhance its appeal to potential tenants. The surrounding area offers a diverse range of shops, restaurants, and recreational facilities. The occupancy rate is currently at an impressive 100 percent, underscoring the strong demand for housing in this locality. The Royal Borough of Greenwich is known for its community-oriented atmosphere, making it an attractive place for working professionals seeking convenient and affordable living solutions.
Highlights
Financials
| Financials | Monthly | Annual |
|---|---|---|
| Gross Rent | £4,169 | £50,033 |
| Utilities | £14 | £164 |
| Net Rent | £4,155 | £49,869 |
Mortgage
Estimate mortgage costs with a few assumptions (LTV, rate, term). Rates and LTV vary by lender.
This is for illustrative purposes only. Always obtain professional & qualified advice for HMO mortgages. For more information on HMO mortgages click here.
Property
Management
Management Notes
HMO Management for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Management click here.
Rentals
Operating Costs
HMO Utilities for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Utilities click here.
HMO Licensing
HMO License Information
Floorplans
Virtual Tour
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