For Sale

5 Self Contained Units HMO

London, N18

Asking price
£TBC
Gross yield
TBC
Bedrooms
5
Bathrooms
5
Occupants
10

Overview

InvestmentTBC
Gross£78.9K/9.3%
Net£67.9K/8%
RegionGreater London
TenantProfessional
SPV HeldN/A
ManagementSelf Managed
TenancyMulti Tenancy (AST)
LicenseYes
Bedrooms5
Bathrooms5
Occupants10

Description

The investment potential of this mid-terrace HMO property is compelling, offering a gross yield of 9.29% and a net yield ranging from 7.74% to 8.2%, indicating strong returns for investors. Currently, the property is fully tenanted, highlighting its appeal in the rental market with solid overall occupancy rates. The tenancy type is multi-tenancy (AST), catering primarily to professional tenants, which further enhances stability. The property has an HMO license valid until December 2027, accommodating up to ten occupants across five self-contained units, providing a strategic advantage in the growing rental sector.

Spanning 1,830 sq ft (approximately 170 sq m), this property comprises five distinct self-contained units. Each unit consists of well-sized living spaces, including five kitchens and five ensuite bathrooms, making it highly functional for shared living. The property is in good condition, constructed with durable brick and tile, and features full double glazing along with gas central heating. Communal areas are ample, with two reception rooms enhancing the living experience. Outdoor spaces include front and rear gardens, which add to the property’s appeal. On-road parking is available, accommodating the needs of tenants without access to private parking.

Situated in Greater London, this property's location benefits from excellent transport links, providing easy access to local amenities and the wider city. The area is known for its strong rental demand, which is a significant factor for investors seeking capital growth potential. Neighbourhood highlights include nearby shopping options, recreational facilities, and essential services, making it an attractive proposition for tenants. The combination of good transport links and local conveniences significantly contributes to the overall desirability and value of this HMO property.

Highlights

Fully Tenanted
Strong Rental Demand
Capital Growth Potential
Transport Links
Double Glazing
Gas Central Heating

Financials

MonthlyAnnual
Gross Rent£6,579£78,948
Utilities£595£7,140
Management£329£3,947
Net Rent£5,655£67,861

Mortgage

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

Payment
Rate
70%
5.5%
25y
Loan
£595,000
Deposit
£255,000
Monthly Payment
£3,654
Repayment
Est. Rent / mo
£6,579

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

Property

Property Type
House
Sub Type
Mid-Terrace
Tenure
Freehold
Construction
Brick & Tile
Condition
Good
Heating
Gas Central Heating
Double Glazing
Full
No Storeys
3
Garage
None
Garden
Front & Rear
Parking
On-Road
No Parking spaces
0
Listed Building
No
Current EPC Rating
61D
Potential EPC Rating
80C
Sq Ft
1,830 Sq Ft

Management

HMO Management Type
Self Managed
Monthly Management
£329
Management Rate
5%

Management Notes

Current self managed where the owner is happy to give support during a handover period. Alternatively we have a number of agencies local ready to assist.

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

Rentals

Tenant type
Professional
Tenancy Type
Multi Tenancy (AST)
12 Month Occupancy
100
Occupancy
Partially Let
No of Units
5
No of Occupants
10
TypeOcc.StatusAmount
1. 1 Bed Flat—Vacant£1,300
2. 1 Bed Flat—Vacant£1,495
3. Studio—Let£1,214
4. 1 Bed Flat—Let£1,320
5. Studio—Vacant£1,250
Total—£6,579

Operating Costs

Gas
£200
Water
£75
Wifi
£30
Electric
N/A
Cleaner
£60
TV license
N/A
Insurance
£30
Council Tax
£200
Total£595

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

HMO Licensing

HMO License Required
Yes
HMO License Type
Selective
HMO License in Place
Yes
HMO License Expiry
2027-12-29
HMO Licensing Cost
£3000
No of Persons
10
Units of Accommodation
5
Authority
Enfield Coucil
Planning Use Class
C3

Licence Documents

19 Victoria Road LICENCE
19 Vic PLANNING STATUS

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Floorplans

None8 Layout

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London, N18

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