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5 Self Contained Units HMO

Victoria Road, London, N18
Asking Price
£TBC
Gross Yield
TBC%
5
5
10
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N18 A Bed
interior-1
N18 E Kitchen
N18 A Kitchen
N18 A Robe
N18 A Shower
N18 A Sofa
N18 B Kitchen
N18 B Shower
N18 B ThruView
N18 B Wardrobe
N18 B wc
N18 C Balcony
N18 C Bedroom
N18 C Into Kitchen
N18 C Room Divider
N18 C bathroom
N18 C wc
N18 D Bathroom
N18 D Bedroom  Workspace
N18 D Kitchen
N18 D Lounge
N18 D ThruView
N18 E Big Bed-Sit
N18 E Big Room
N18 E Shower
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interior-3
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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 TypeHouse
Sub TypeMid-Terrace
TenureFreehold
ConstructionBrick & Tile
ConditionGood
HeatingGas Central Heating
Double GlazingFull
No Storeys3
GarageNone
GardenFront & Rear
ParkingOn-Road
No Parking spaces0
Listed BuildingNo
Current EPC Rating61D
Potential EPC Rating80C
Sq Ft1,830 Sq Ft

Management

HMO Management TypeSelf Managed
Monthly Management£329
Management Rate5%

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 typeProfessional
Tenancy TypeMulti Tenancy (AST)
12 Month Occupancy100
OccupancyPartially Let
No of Units5
No of Occupants10
TypeOcc.StatusAmount
1. 1 Bed FlatVacant£1,300
2. 1 Bed FlatVacant£1,495
3. StudioLet£1,214
4. 1 Bed FlatLet£1,320
5. StudioVacant£1,250
Total£6,579

Operating Costs

Gas£200
Water£75
Wifi£30
ElectricN/A
Cleaner£60
TV licenseN/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 RequiredYes
HMO License TypeSelective
HMO License in PlaceYes
HMO License Expiry2027-12-29
HMO Licensing Cost£3000
No of Persons10
Units of Accommodation5
AuthorityEnfield Coucil
Planning Use ClassC3

Licence Documents

19 Victoria Road LICENCE
19 Vic PLANNING STATUS

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Floorplans

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Victoria Road, London, N18· N18 2UF

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