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Super X Bed Pro HMO

North Road, Merton, London SW19
Asking Price
£TBC
Gross Yield
TBC%
12
12
14
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Overview

InvestmentTBC
Gross£173.3K/6.9%
Net£134.9K/5.4%
RegionGreater London
TenantProfessional
SPV HeldYes
ManagementLocal Agent
TenancyMulti Tenancy (AST)
LicenseYes
Bedrooms12
Bathrooms12
Occupants14

Description

This substantial detached HMO property at North Road, Merton, London, SW19, represents a high-yield investment opportunity, generating a gross rental income of £14,445 per month, equating to a 6.93% g... Sign up to view full details.

Highlights

Fully Tenanted
Transport Links
Fire Alarm
Double Glazing
Gas Central Heating
Off-Road Parking
Excellent Condition

Financials

MonthlyAnnual
Gross Rent£14,445£173,340
Utilities£1,183£14,196
Management£2,022£24,268
Net Rent£11,240£134,876

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
£14,445

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 TypeDetached
TenureFreehold
ConstructionBrick & Tile
ConditionExcellent
HeatingGas Central Heating
Double GlazingFull
No Storeys4
GarageNone
GardenFront & Rear
ParkingOff-Road
No Parking spaces3
Listed BuildingNo
Current EPC Rating61D
Potential EPC Rating79C
Sq Ft2,906 Sq Ft

Management

HMO Management TypeLocal Agent
Monthly Management£2,022
Management Rate14%

Management Notes

Long established 5* local agent happy to continue with ongoing management to ensure zero disruption to tenants

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 Units12
No of Occupants14
TypeOcc.StatusAmount
1. Double Room / EnsuiteLet£1,200
2. Double Room / EnsuiteLet£1,200
3. Double Room / EnsuiteLet£1,250
4. Double Room / EnsuiteLet£1,150
5. Double Room / EnsuiteLet£1,200
6. Double Room / EnsuiteLet£1,200
7. Double Room / EnsuiteLet£1,200
8. Double Room / EnsuiteLet£1,195
9. Double Room / EnsuiteLet£1,180
10. Double Room / EnsuiteLet£1,220
11. Double Room / EnsuiteLet£1,250
12. Double Room / EnsuiteLet£1,200
Total£14,445

Operating Costs

Gas£400
Water£150
Wifi£53
ElectricN/A
Cleaner£300
TV licenseN/A
Insurance£100
Council Tax£180
Total£1183

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 Expiry2028-09-20
HMO Licensing Cost£2000
No of Persons14
Units of Accommodation12
AuthorityMerton Council
Authority URLMerton.gov.uk
Planning Use ClassSui Generis

Floorplans

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Virtual Tour

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North Road, Merton, London SW19· SW19 1AQ

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