For Sale

Super 5 Bed All Ensuite Professional HMO

London, SE18

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

Overview

InvestmentTBC
Gross£49.2K/9.4%
Net£33.3K/6.4%
RegionGreater London
TenantWorking
SPV HeldN/A
ManagementLocal
TenancyMulti Tenancy (AST)
LicenseYes
Bedrooms5
Bathrooms5
Occupants5

Description

This mid-terrace property presents a compelling investment opportunity within the HMO market, boasting strong financial metrics. Currently fully tenanted, the property generates an impressive gross rental income of £49,200 per annum, equating to a gross yield of 9.37%. With an occupancy rate of 100% over the past year, it has secured a net monthly income of £3,189 after expenses, which includes management fees, utilities, and operating costs. The multi-tenancy setup with professional working tenants ensures a stable and reliable rental income, while the existing HMO license, valid until January 2029, allows for continued rental operations with five licensed units.

Key features of this property include five double ensuite bedrooms, with each room providing private bathroom facilities, ensuring enhanced comfort and convenience for tenants. The property spans 1,108 square feet across two storeys and is constructed from brick and tile. Amenities such as a single kitchen and a communal reception room enhance the living experience for residents. Both front and rear gardens offer outdoor space, while full double glazing and gas central heating contribute to energy efficiency and comfort. The absence of on-road parking may be a consideration, but the location’s amenities and transport links compensate for this aspect.

Situated in the Royal Borough of Greenwich, this property benefits from an enviable location with excellent transport links to central London. The area's vibrant community features numerous shops, restaurants, and recreational facilities, making it an attractive choice for working professionals. Local parks and green spaces further enhance the living environment, promoting a balanced lifestyle. With easy access to public transport, including buses and nearby train stations, this property is ideally positioned to appeal to tenants seeking the convenience of urban living intertwined with quality amenities and community charm.

Highlights

Fully Tenanted
Transport Links
Public Transport
Double Glazing
Gas Central Heating

Financials

MonthlyAnnual
Gross Rent£4,100£49,200
Utilities£911£10,932
Management£410£4,920
Net Rent£2,779£33,348

Mortgage

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

Payment
Rate
70%
5.5%
25y
Loan
£367,500
Deposit
£157,500
Monthly Payment
£2,257
Repayment
Est. Rent / mo
£4,100

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
Average
Heating
Gas Central Heating
Double Glazing
Full
No Storeys
2
Garage
None
Garden
Front & Rear
Parking
On-Road
No Parking spaces
0
Listed Building
No
Current EPC Rating
69C
Potential EPC Rating
86B
Sq Ft
1,108 Sq Ft

Management

HMO Management Type
Local
Monthly Management
£410
Management Rate
10%

Management Notes

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

Rentals

Tenant type
Working
Tenancy Type
Multi Tenancy (AST)
12 Month Occupancy
100
Occupancy
Fully Let
No of Units
5
No of Occupants
5
TypeOcc.StatusAmount
1. Double Room / Ensuite—Let£825
2. Double Room / Ensuite—Let£800
3. Double Room / Ensuite—Let£750
4. Double Room / Ensuite—Let£850
5. Double Room / Ensuite—Let£875
Total—£4,100

Operating Costs

Gas
£222
Water
£90
Wifi
£30
Electric
£222
Cleaner
£100
TV license
£15
Insurance
£83
Council Tax
£149
Total£911

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
Mandatory
HMO License in Place
Yes
HMO License Expiry
2029-01-11
HMO Licensing Cost
N/A
No of Persons
5
Units of Accommodation
5
Authority
Royal Borough of Greenwich
Authority URL
N/A
Planning Use Class
C4

Floorplans

floorplan-5

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London, SE18

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